The following information is available for Brownstone Products Company for the month of July: Master Budget...
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The following information is available for Brownstone Products Company for the month of July: Master Budget 4,000 $ 60,000 16,000 13,500 8,000 9,600 Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Required: 1. What was the master budget variance for July? Was this variance favorable or unfavorable? 2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. 4. Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget for each of the following two output levels: a. 3,810 units. b. 4,210 units. Required 1 Required 2 Complete this question by entering your answers in the tabs below. Actual 3,600 $ 53,800 Required 4 Master budget variance 19,600 14,500 8,300 9,700 What was the master budget variance for July? Was this variance favorable or unfavorable? (Indicate the effect of each variance by selecting "F" for Favorable, "U" for Unfavorable, and "None" for no effect (i.e., zero variance).) < Required 1 Required 2 > The following information is available for Brownstone Products Company for the month of July: Master Budget 4,000 $ 60,000 16,000 Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Required 1 Required 2 Required 4 Required: 1. What was the master budget variance for July? Was this variance favorable or unfavorable? 2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. 4. Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget for each of the following two output levels: a. 3,810 units. b. 4,210 units. Complete this question by entering your answers in the tabs below. Actual 3,600 $ 53,800 19,600 14,500 Contribution margin Operating income Flexible-Budget Variance 8,300 9,700 Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. (Indicate the effect of each variance by selecting "F" for Favorable, "U" for Unfavorable, and "None" for no effect (i.e., zero variance).) < Required 1 13,500 8,000 9,600 Sales Volume Variance Required 4 > Required: 1. What was the master budget variance for July? Was this variance favorable or unfavorable? 2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. 4. Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget for each of the following two output levels: a. 3,810 units. b. 4,210 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget for each of the following two output levels: a. 3,810 units. b. 4,210 units. Units Sales Variable costs: Manufacturing Selling and administrative Total variable costs Contribution margin Fixed costs: Manufacturing Selling and administrative Total fixed costs Operating income Flexible budget Flexible budget Master Budget (a.) (b.) $ $ $ $ 0 $ 0 $ 0 $ 0 $ < Required 2 $ 0 $ 0 $ 0 $ 0 $ 4,000 60,000 16,000 8,000 24,000 36,000 13,500 9,600 23,100 12,900 Required 4 > Show less The following information is available for Brownstone Products Company for the month of July: Master Budget 4,000 $ 60,000 16,000 13,500 8,000 9,600 Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Required: 1. What was the master budget variance for July? Was this variance favorable or unfavorable? 2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. 4. Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget for each of the following two output levels: a. 3,810 units. b. 4,210 units. Required 1 Required 2 Complete this question by entering your answers in the tabs below. Actual 3,600 $ 53,800 Required 4 Master budget variance 19,600 14,500 8,300 9,700 What was the master budget variance for July? Was this variance favorable or unfavorable? (Indicate the effect of each variance by selecting "F" for Favorable, "U" for Unfavorable, and "None" for no effect (i.e., zero variance).) < Required 1 Required 2 > The following information is available for Brownstone Products Company for the month of July: Master Budget 4,000 $ 60,000 16,000 Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Required 1 Required 2 Required 4 Required: 1. What was the master budget variance for July? Was this variance favorable or unfavorable? 2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. 4. Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget for each of the following two output levels: a. 3,810 units. b. 4,210 units. Complete this question by entering your answers in the tabs below. Actual 3,600 $ 53,800 19,600 14,500 Contribution margin Operating income Flexible-Budget Variance 8,300 9,700 Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. (Indicate the effect of each variance by selecting "F" for Favorable, "U" for Unfavorable, and "None" for no effect (i.e., zero variance).) < Required 1 13,500 8,000 9,600 Sales Volume Variance Required 4 > Required: 1. What was the master budget variance for July? Was this variance favorable or unfavorable? 2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. 4. Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget for each of the following two output levels: a. 3,810 units. b. 4,210 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget for each of the following two output levels: a. 3,810 units. b. 4,210 units. Units Sales Variable costs: Manufacturing Selling and administrative Total variable costs Contribution margin Fixed costs: Manufacturing Selling and administrative Total fixed costs Operating income Flexible budget Flexible budget Master Budget (a.) (b.) $ $ $ $ 0 $ 0 $ 0 $ 0 $ < Required 2 $ 0 $ 0 $ 0 $ 0 $ 4,000 60,000 16,000 8,000 24,000 36,000 13,500 9,600 23,100 12,900 Required 4 > Show less
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1 Master budget variance Flexible budget Actual budget Master budget Units 3600 3600 4000 Sales 5400... View the full answer
Related Book For
Cost Management A Strategic Emphasis
ISBN: 9781259917028
8th Edition
Authors: Edward Blocher, David F. Stout, Paul Juras, Steven Smith
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