Problem 1 6 - 5 5 ( Algo ) Solve for Master Budget Given Actual Results (
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Question:
Problem Algo Solve for Master Budget Given Actual Results LO
The following are the actual results for Bentler Associates for the most recent period:
Sales volume units
Sales revenue $
Variable costs
Manufacturing
Marketing and administrative
Contribution margin $
Fixed costs
Manufacturing
Marketing and administrative
Operating profit $
The company planned to produce and sell units for $ each. At that volume, the contribution margin would have been $ Variable marketing and administrative costs are budgeted at percent of sales revenue. Manufacturing fixed costs are estimated at $ per unit at the budgeted volume of units. Management notes, We budget an operating profit of $ per unit at the budgeted volume.
Required:
a Construct the master budget for the period.
b Prepare a profit variance analysis.
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