Question: please show work if you can Problem 15-21A (Algo) Determining and interpreting flexible budget variances LO 15-5 Stuart Publications established the following standard price and

please show work if you can
Problem 15-21A (Algo) Determining and interpreting flexible budget variances LO 15-5 Stuart 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 36.50 8.20 4.00 5.50 6.50 $131,000 49,000 Assume that Stuart actually produced and sold 26,000 books. The actual sales price and costs incurred follow: Actual price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs Actual fixed costs Manufacturing overhead Selling, general, and administrative $ 35.50 8.40 3.90 5.55 6.30 $116,000 55,000 Required Required a. & b. Determine the flexible budget variances and also indicate whether each variance is favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).) Flexible Budget Variances Sales revenue Variable manufacturing costs Materials Labor Overhead Variable selling, general, and administrative costs Contribution margin Fixed costs Manufacturing overhead Selling, general, and administrative costs Net income
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