Question: please help with the contribution Margin and the Net income because they are the ones that I got wrong. I believe it's wrong calculated on

Benson Publications established the following standard price and costs for a hardcover picture book that the company produces Standard price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs Planned fixed costs Manufacturing overhead Selling, general, and administrative $36.10 8.70 4.40 6.00 6.50 $131,000 46,000 Assume that Benson actually produced and sold 21000 books. The actual sales price and costs incurred follow $ 35.10 8.90 4.30 Actual price and variable costs Soles price Materials cost Labor cost Overhead cost Selling, general, and administrative costs Actual fixed costs Manufacturing overhead Selling, general, and administrative 6.05 6.30 $116,000 52,000 Required a. & b. Determine the flexible budget variances and also indicate the effect of each variance by selecting favorable (F) or unfavorable (U). (Select "None" if there is no effect (ie, zero variance).) ts Flexible Bludget Variances 21.000 $ eBook Print eferences 4.2000 2.100F 1.0500 4.2001 Sales revenue Variable manufacturing costs Materials Labor Overhead Selling general and administrative costs Contribution margin Fixed costs Manufacturing overhead Selling general and administrative costs Net income 15.000 6.000U 0 119 Next >
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