Nottingham Forest Prod.

Prepare a Sales Activity Variance Analysis

Prepare a Flexible Budget

Problem 16-59 (Static) Sales Activity Variance (LO 16-3) Nottingham Forest Products reports the following information concerning operations for the most recent month: There are no inventories. Required: Prepare a sales activity variance analysis for Nottingham Forest Products. NOTTINGHAM FOREST PRODUCTS NOTTINGHAM FOREST PRODUCTS \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ Flexible Budget } \\ \hline Sales revenue \\ \hline Variable costs: & \\ \hline Manufacturing costs: & \\ \hline Direct labor & \\ \hline Materials & \\ \hline Variable overhead & \\ \hline Marketing & \\ \hline Administrative & \\ \hline Total variable costs & \\ \hline Contribution margin & \\ \hline Less fixed costs: & $ \\ \hline Manufacturing & \\ \hline Marketing & \\ \hline Administrative & 0 \\ \hline Total fixed costs & \\ \hline Operating profit & \\ \hline \end{tabular}