The master budget at Monroe Manufacturing last period called for sales of 42,000 units at $42...
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The master budget at Monroe Manufacturing last period called for sales of 42,000 units at $42 each. The costs were estimated to be $26 variable per unit and $524,000 fixed. During the period, actual production and actual sales were 45,000 units. The selling price was $41 per unit. Variable costs were $28 per unit. Actual fixed costs were $515,000. Required: Prepare a sales activity variance analysis. Note: 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. Sales revenue Less: Variable costs Contribution margin Less: Fixed costs Operating profits Flexible Budget Sales Activity Variance $ Monroe Manufacturing Sales Activity Variance $ 0 0 Master Budget $ $ 0 0 The master budget at Monroe Manufacturing last period called for sales of 42,000 units at $42 each. The costs were estimated to be $26 variable per unit and $524,000 fixed. During the period, actual production and actual sales were 45,000 units. The selling price was $41 per unit. Variable costs were $28 per unit. Actual fixed costs were $515,000. Required: Prepare a sales activity variance analysis. Note: 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. Sales revenue Less: Variable costs Contribution margin Less: Fixed costs Operating profits Flexible Budget Sales Activity Variance $ Monroe Manufacturing Sales Activity Variance $ 0 0 Master Budget $ $ 0 0
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Answer rating: 100% (QA)
Answer Sales Actual sales 45000 units Sales price 41 per unit Sales volume variance 4500... View the full answer
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
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