James Manufacturing had the following information available for July: Flexible Budget Variance Units Sales revenue Less:...

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James Manufacturing had the following information available for July: Flexible Budget Variance Units Sales revenue Less: Variable manufacturing costs Variable marketing and administrative Contribution margin Multiple Choice O O $50,000 $68,200 What was James's flexible budget contribution margin for July? $61,000 Actual Results 14,000 $57,200 $90,750 ? $61,000 $11,000F $ 5,250U ? Sales Flexible Activity Budget Variance ? ? $96,000 ? ? 4,000U ? $6,000F $7,200U Master Budget ? ? $129,000 $ 42,000 ? James Manufacturing had the following information available for July: Flexible Budget Variance Units Sales revenue Less: Variable manufacturing costs Variable marketing and administrative Contribution margin Multiple Choice O O $50,000 $68,200 What was James's flexible budget contribution margin for July? $61,000 Actual Results 14,000 $57,200 $90,750 ? $61,000 $11,000F $ 5,250U ? Sales Flexible Activity Budget Variance ? ? $96,000 ? ? 4,000U ? $6,000F $7,200U Master Budget ? ? $129,000 $ 42,000 ?

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Computing the contribution margin as Actual results AR Flexible budget variance FBV Flexibl... View the full answer