Prepare a profit variance analysis for the Superior Plant for July. (Do not round intermediate calculations....

 

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Prepare a profit variance analysis for the Superior Plant for July. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Quantity Revenue Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margin Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit Actuals 9,680 $ 1,780,800 812,394 111,840 856,566 231,040 $ 388,000 $ 237,526 Manufacturing Variances Profit Variance Analysis Selling, General and Administrative Variances Sales Price Variance Flexible Budget Sales Activity Variance Master Budget $1,573,200 596,160 99,360 877,680 220,000 378,000 279,680 $ 8,280 $ Harlow Parts Superior Plant Master Budget (For July) Quantity Revenue Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margin Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit The following operating income statement shows the actual results for July: Harlow Parts Superior Plant Operating Results (For July) Quantity (units) Revenue Variable manufacturing cost Variable Selling, General and Administrative cost. Contribution margin. 8,280 $ 1,573,200 596,160 99,360 $ 877,680 220,000 378,000 $ 279,680 Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit 9,680 $ 1,780,800 812,394 111,840 $ 856,566 231,040 388,000 $ 237,526 Prepare a profit variance analysis for the Superior Plant for July. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Quantity Revenue Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margin Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit Actuals 9,680 $ 1,780,800 812,394 111,840 856,566 231,040 $ 388,000 $ 237,526 Manufacturing Variances Profit Variance Analysis Selling, General and Administrative Variances Sales Price Variance Flexible Budget Sales Activity Variance Master Budget $1,573,200 596,160 99,360 877,680 220,000 378,000 279,680 $ 8,280 $ Harlow Parts Superior Plant Master Budget (For July) Quantity Revenue Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margin Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit The following operating income statement shows the actual results for July: Harlow Parts Superior Plant Operating Results (For July) Quantity (units) Revenue Variable manufacturing cost Variable Selling, General and Administrative cost. Contribution margin. 8,280 $ 1,573,200 596,160 99,360 $ 877,680 220,000 378,000 $ 279,680 Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit 9,680 $ 1,780,800 812,394 111,840 $ 856,566 231,040 388,000 $ 237,526

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