For Cost Accounting, Apple Hilly Farms Master Budget, complete part B. Apple Hilly Farms Budget Analysis a.
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For Cost Accounting, Apple Hilly Farms Master Budget, complete part B.
| Apple Hilly Farms | |||||||||||
| Budget Analysis | |||||||||||
| a. Prepare Master Budget for September | |||||||||||
| Master Budget | |||||||||||
| Sales volume (in units) | 17,750 | ||||||||||
| Sales revenue | $ 204,000.00 | ||||||||||
| Variable costs: | |||||||||||
| Manufacturing | $ 81,625.00 | ||||||||||
| Marketing and admin | $ 15,125.00 | ||||||||||
| Contribution margin | $ 66,500.00 | ||||||||||
| Fixed costs: | |||||||||||
| Manufacturing | $ 18,000.00 | ||||||||||
| Marketing and admin | $ 5,000.00 | ||||||||||
| Operating profit | $ 43,500.00 | ||||||||||
| b. Calculate Variance Analysis between Actual vs. Flexible Budget vs. Master Budget | |||||||||||
| Actual | Cost variances | F/U | Sales price variances | F/U | Flexible Budget | Sales activity variance | F/U | Master Budget | |||
| Sales volume | 17,750 | ||||||||||
| Sales revenue | $ 204,000.00 | ||||||||||
| Variable costs: | |||||||||||
| Manufacturing | $ 81,625.00 | ||||||||||
| Marketing and admin | $ 15,125.00 | ||||||||||
| Contribution margin | $ 66,500.00 | ||||||||||
| Fixed costs: | |||||||||||
| Manufacturing | $ 18,000.00 | ||||||||||
| Marketing and admin | $ 5,000.00 | ||||||||||
| Operating profit | $ 43,500.00 | ||||||||||
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Related Book For 
Accounting Business Reporting for Decision Making
ISBN: 9780730302414
4th edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
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