Old MathJax webview

Old MathJax webview

Old MathJax webview

direct material 6 direct Labor 16

thanks

Budget and variance estions 1. Using master budget data, how many controls would have to be sold for Glenwood Controls Division to break even? 2. Compare the break even volume to current volume. Why is Glenwood losing money in May? What are possible explanations? 3. Using the master budget data, create a flexible budget and calculate the flexible budget variances. 4. Which variances, if any, should be brought to management's attention? 5. Create a standard cost card and a corresponding actual results table for May. Hint: Derive the actual quantity value by dividing actual cost by actual price. 6. Using the information in #5, break down the direct material and direct labor flexible budget variances into price and quantity variances. 7. What's the story here? What recommendations would you make to Glenwood Controls Division to improve their future performance? Budget and variance estions 1. Using master budget data, how many controls would have to be sold for Glenwood Controls Division to break even? 2. Compare the break even volume to current volume. Why is Glenwood losing money in May? What are possible explanations? 3. Using the master budget data, create a flexible budget and calculate the flexible budget variances. 4. Which variances, if any, should be brought to management's attention? 5. Create a standard cost card and a corresponding actual results table for May. Hint: Derive the actual quantity value by dividing actual cost by actual price. 6. Using the information in #5, break down the direct material and direct labor flexible budget variances into price and quantity variances. 7. What's the story here? What recommendations would you make to Glenwood Controls Division to improve their future performance