The fixed budget for 20,800 units of production shows sales of $561,600; variable costs of $62,400;...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The fixed budget for 20,800 units of production shows sales of $561,600; variable costs of $62,400; and fixed costs of $143,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 26,500 units at $675,500. Actual variable costs were $113,200 and actual fixed costs were $137,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report Flexible Budget Actual Results Variances Favorable/ Unfavorable Contribution margin The fixed budget for 20,800 units of production shows sales of $561,600; variable costs of $62,400; and fixed costs of $143,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 26,500 units at $675,500. Actual variable costs were $113,200 and actual fixed costs were $137,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report Flexible Budget Actual Results Variances Favorable/ Unfavorable Contribution margin
Expert Answer:
Answer rating: 100% (QA)
Sales Less Variable cost Contribution margin Less Fixed cost Income from operati... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The fixed budget for 20,000 units of production shows sales of $400,000; variable costs of $80,000; and fixed costs of $150,000. The companys actual sales were 26,000 units at $480,000. Actual...
-
The fixed budget for 21,600 units of production shows sales of $432.000; variable costs of $64,800; and fixed costs of $142,000. QS 21-3 (Algo) Flexible budget income calculation LO P1 If the company...
-
On being heated with sulfur trioxide in sulfuric acid, 1, 2, 4, 5-tetramethylbenzene was converted to a product of molecular formula C10H14O3S in 94% yield. Suggest a reasonable structure for this...
-
Consider two streams of cash flows, A and B. Stream As first cash flow is $ 8,900 and is received three years from today. Future cash flows in Stream A grow by 4 percent in perpetuity. Stream Bs...
-
Gypsy Enterprises (GE) producing high quality low cost housekeeping instruments was started by an engineer. Jagson introduced the initial capital of 10,00,000 in cash and a machine costing 3,50,000....
-
An air compressor of mass \(200 \mathrm{~kg}\), with an unbalance of \(0.01 \mathrm{~kg}-\mathrm{m}\), is found to have a large amplitude of vibration while running at \(1200 \mathrm{rpm}\)....
-
A 17-year, $1,000 par value zero-coupon rate bond is to be issued to yield 7 percent. a. What should be the initial price of the bond? (Take the present value of $1,000 for 17 years at 7 percent,...
-
Laney purchased a new lawn mower yesterday for $350 from the local home improvement warehouse . When she arrived home and attempted to use the new mower, it would not start. Exasperated , Laney...
-
The proposed rates were not in the range the CEO expected given the pricing analysis. The CEO has asked the pricing actuary to verify the total projected loss cost excluding potential large storm...
-
Double Declining Method - please prepare the full depreciation schedule Suppose a company purchased a fixed asset (PP&E) at a cost of $20 million. Per guidance from management, the PP&E will have a...
-
Q1. Darpan Electrical Works has a stock of about 5,000 units of a specific wire purchased at the rate of $2 each. The present value of each unit has risen to $5. The owner decides that he would use...
-
Ginger Households concludes that 2% of net credit sales will become uncollectible and net credit sales for the calendar year 2024 are $1.8 million. There is a zero balance in the allowance for...
-
What are the (3) three main conduct expectations that is identified according to the Generally Accepted Auditing Standards (GAAS), Independence Due Care Technical training and proficiency Explain...
-
What is a Budget, why are they created and what period does it usually cover? What is a Perpetual Budget? Briefly explain the concepts of Planning and Control What is a Master Budget and how does it...
-
Steve Jack and Chelsy Boxer formed a partnership, dividing income as follows: 1. Annual salary allowance to Boxer of $191,400. 2. Interest of 6% on each partner's capital balance on January 1. 3. Any...
-
6. Our instructors have written a MATLAB script called nonlinear_phase_portrait.m which plots the phase portrait of an autonomous 2-dimensional first order system of differential equa- tions: The...
-
In Problem use absolute value on a graphing calculator to find the area between the curve and the x axis over the given interval. Find answers to two decimal places. y = x 3 ln x; 0.1 x 3.1
-
Key comparative figures for both Apple and Google follow. Required 1. What is the total amount of assets invested for the current year in (a) Apple and (b) Google? 2. What is the current year return...
-
Surf Company can sell all of the two surfboard models it produces, but it has only 400 direct labor hours available. The Glide model requires 2 direct labor hours per unit. The Ultra model requires 4...
-
Rowan Co. is considering two alternative investment projects. Each requires a $250,000 initial investment. Project A is expected to generate net cash flows of $60,000 per year over the next six...
-
The heat of vaporization of ether is \(25.98 \mathrm{~kJ} / \mathrm{mol}\) at its boiling point, \(34.5^{\circ} \mathrm{C}\). (a) Calculate the rate of change of vapour pressure with temperature...
-
For a gas obeying the equation of state \(V=B+\frac{R T}{P}\), the Joule-Thomson coefficient is given by \[ \mu_{\mathrm{JT}}=-\frac{1}{C_{P}}\left(T \frac{d B}{d T}-B ight) \]
-
Calculate the residual enthalpy and entropy for carbon dioxide at \(393 \mathrm{~K}\) and \(12 \mathrm{MPa}\) using any equation of state.
Study smarter with the SolutionInn App