In 2020, Procter & Gamble produced 60,000 units of a mid-range electric toothbrush, 12,000 more than budgeted.
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In 2020, Procter & Gamble produced 60,000 units of a mid-range electric toothbrush, 12,000 more than budgeted. Production data are as follows. Except for physical units, all quantities are in dollars.
1. Fill in the unknowns.
2. Give a brief summary explanation of why the original target income was not attained.
Transcribed Image Text:
Physical units Sales Variable costs Contribution margin Fixed costs Income Actual Results at Actual Prices 60,000 ? 378,000 ? do ? ? Flexible Budget Variances 6,600 F ? ? 9600 U ? Sales Flexible Activity Budget Variances ? ? ? ? 360,000 ? ? ? ? ? ? ? Static Budget 48,000 624,000 ? ? 72,000 ?
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Related Book For
Introduction To Management Accounting
ISBN: 9781292412566
17th Edition, Global Edition
Authors: Charles Horngren, Gary L Sundem, Dave Burgstahler
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