Higgins Company produced 80,000 units, 8,000 more than budgeted. Production data are as follows. Except for physical
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Higgins Company produced 80,000 units, 8,000 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:
Actual Results Flexible- Flexible Sales- Static Budget Budget Activity Budget at Acutal Prices Variances Variances Phyiscal 72,000 80,000 units Sales 6,400 F 720,000 Variable 492,000 480,000 Costs Contribution margin Fixed costs 30,000 U 150,000 Income ? ?
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1 a 80000 72000 b 720000 72000 10 per unit 10 80000 800000 c 800000 6400 d 806400 492000 e 150000 ...View the full answer
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Related Book For
Management Accounting
ISBN: 978-0132570848
6th Canadian edition
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
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