Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Master Budget (based on Actual (based on budgeted orders actual orders for for 372,500 417,200 units) $ 7,926,800 2,652,200 239,000 1,223,200 878,000 $ 4,992,400 $ 2,934,400 1,641,000 566,800 381,000 $ 2,588,800 $ 345,600 units) $ 7,450,000 2,355,000 219,000 1,086,000 788,000 $ 4,448,000 $ 3,002,000 1,670,000 550,000 415,000 $ 2,635,000 $ 367,000 Required: Prepare a sales activity variance analysis for Fournier Fixtures. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Sales revenue Variable costs: Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Fournier Fixtures Sales Activity Variance Flexible Budget Sales Activity Variance Master Budget Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Master Budget (based on Actual (based on budgeted orders actual orders for for 372,500 417,200 units) $ 7,926,800 2,652,200 239,000 1,223,200 878,000 $ 4,992,400 $ 2,934,400 1,641,000 566,800 381,000 $ 2,588,800 $ 345,600 units) $ 7,450,000 2,355,000 219,000 1,086,000 788,000 $ 4,448,000 $ 3,002,000 1,670,000 550,000 415,000 $ 2,635,000 $ 367,000 Required: Prepare a sales activity variance analysis for Fournier Fixtures. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Sales revenue Variable costs: Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Fournier Fixtures Sales Activity Variance Flexible Budget Sales Activity Variance Master Budget
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
As the company accountant, the management of Nickle Company asks you to explain (a) the concept of reasonable assurance in internal control and (b) the importance of the human factor in internal...
-
Should an investor expect a mutual fund to outperform the market? If not, why should the investor buy the shares?
-
What rate of exchange would be used to eliminate intercompany monetary balances on the consolidated statement of financial position?
-
Flowchart symbols represent what aspect of a system?
-
Kitchen Kings Toledo plant manufactures three product lines, all multi-burner, ceramic cook tops. The plants three product models are the Regular (REG). the Advanced (ADV), and the Gourmet (GMT)....
-
Analyze the Miranda v Arizona case. Have an analysis and an application to current day; ; you must state and argue a position with logical argument and example. Please cite any sources used.
-
On January 1, 2024, Tropical World issues $40.5 million of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to build a new...
-
Use the Internet to look for templates and other aids that would help in creating a marketing research proposal. Analyze and assess five of them. In your view, are these standardized formats suitable...
-
What is a linguistic variable? Give 10 examples of linguistic variables that you might use to describe a building.
-
What is the law of the excluded middle? Argue against the need for this law.
-
What is case-based reasoning? From which attributes of human intelligence do you think it is derived? Describe the last time you used case-based reasoning in your normal life.
-
Can semantic networks be used to represent anything that can be represented using temporal logic? Explain your answer.
-
These blocks are on a frictionless horizontal surface. The blocks are connected by massless strings with Teasions Te and Tr. 3.Ka 6K9F+ 169 42 87N Caculate the tension Te Te
-
Experiment: Tossing four coins Event: Getting three heads Identify the sample space of the probability experiment and determine the number of outcomes in the event. Draw a tree diagram when...
-
An alternative algorithm for finding a minimal undirected spanning tree of a graph of \(n\) vertices is called Prim's algorithm. Begin with a single vertex. At any stage, check edges not in the...
-
The matrix below gives the weights of directed edges connecting certain pairs of vertices in a directed graph. List shortest possible paths from vertex 1 to each other vertex in the network. 1215 121...
-
Information is to flow from a source \(v_{0}\) to each of seven other locations labeled \(v_{1}, \ldots, v_{7}\) in the diagram below. Find a least costly way of doing this if the edge weights...
Study smarter with the SolutionInn App