Top managers of White Industrios predicted 2024 sales of 15,000 units of its product at a...
Fantastic news! We've Found the answer you've been seeking!
Question:
![Top managers of White Industri prodited 202 salos of 15.000 units of its product at a unit price of $7.50 Adual sales for the](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2022/06/629f469a8410d_1654605465389.jpg)
Transcribed Image Text:
Top managers of White Industrios predicted 2024 sales of 15,000 units of its product at a unit price of $7.50. Actual sales for the year were 14,900 units at $8.50 each. Variable costs were budgeted at $2.20 per unt, and actual variable costs wore $2.30 per unit. Actual fixed costs of $44,000 exceeded budgeted fixed costs by $5.500 Prepare While's Sexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a fexible budgot performance report for the year First, complete the flexible budget performance report through the contribution margin ine, then complete the report through the operating income line Finally, compute the total variances (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F)Untavorable (U) input blank.) White Industries Flexible Budget Performance Report For the Year Ended December 31, 2024 3 4 2 (1)-(3) Flexible (3)-(5) Sales Volume Actual Budget Flexible Static Results Variance Budget Variance Budget Sales Revenue Vanabile Costs Contribution Margin Budget Amounts Per Unit Top managers of White Industrios predicted 2024 sales of 15,000 units of its product at a unit price of $7.50. Actual sales for the year were 14,900 units at $8.50 each. Variable costs were budgeted at $2.20 per unt, and actual variable costs wore $2.30 per unit. Actual fixed costs of $44,000 exceeded budgeted fixed costs by $5.500 Prepare While's Sexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a fexible budgot performance report for the year First, complete the flexible budget performance report through the contribution margin ine, then complete the report through the operating income line Finally, compute the total variances (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F)Untavorable (U) input blank.) White Industries Flexible Budget Performance Report For the Year Ended December 31, 2024 3 4 2 (1)-(3) Flexible (3)-(5) Sales Volume Actual Budget Flexible Static Results Variance Budget Variance Budget Sales Revenue Vanabile Costs Contribution Margin Budget Amounts Per Unit
Expert Answer:
Answer rating: 100% (QA)
A 1 Answer 2 3 4 Particulars 5 Units 6 Sales Revenue 7 Less Va... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
Students also viewed these accounting questions
-
A monopoly currently sells its product at a single price. What conditions must be met so that it can profitably price discriminate?
-
A company sells 2,75,000 units of its product at Rs. 47.50 per unit. Variable costs are Rs. 27.50 per unit (manufacturing costs of Rs. 10 and selling cost of Rs. 2.50 per unit). Fixed costs are...
-
Leila Company sold 10,000 units of its product at a price of $80 per unit. Total variable cost is $50 per unit, consisting of $40 in variable production cost and $10 in variable selling and...
-
Is the answer correct? The graph of a y = f(x) is shown. 6 + 5 14 m ~ 1 -6 -5 -4 -3 2 -1 -1 -2 -3 A w -4 -5- -6+ 1 2 3 4 The domain of f(x) is x = [-3,3] The domain of g(x) = notation) S 6 f(x) is a ...
-
The sugar concentration in a solution (e.g., in a urine specimen) can be measured conveniently by using the optical activity of sugar and other asymmetric molecules. In general, an optically active...
-
A company has three shops (R, S and T) to which the following budgeted information relates: Sixty per cent of the total fixed costs are general company overheads. These are apportioned to the shops...
-
Dene variance and standard deviation and describe what is measured by each.
-
Just prior to baseballs spring training season, you are asked to assess the probability that a particular baseball team will win the coming World Series. a. How would you go about making this...
-
display a brief set of calculations, accompanied by supporting explanation, for a valuation estimate of the target company (acquiree) for the proposed acquisition. (COSTCO WHOLESALE CORPORATION...
-
For the circuit of Fig. 11.47, find the maximum power delivered to the load ZL. 05v 2 4 10 cos 4 V ( 30
-
Prepare Statements of Cash Flows and assess the cash issues \f
-
What is the difference between corporate and clinical? How do they differ? Can they both have the same outcome? Include a reference list that supports your stance of no fewer than 3 scholarly...
-
How do we attain the desire for the freedom to purse one's passions, the desire for economic security and well-being, the desire for hope and progress in one's life utilizing higher-order thinking
-
Instructions FNCE 625 - Investment Analysis and Management Group Project - Case Study Guideline Introduction: In this group assignment, each team will collaboratively make a comprehensive report and...
-
21) The EOQ model is solved using calculus but the key intuition is that relevant total costs are minimized when relevant ordering costs equal relevant carrying costs. 22) Safety stock is used as a...
-
In the long-term, what do you recommend as overall policy in order to reduce or avoid the kinds of PPE shortages that occurred during the different waves of the COVID virus? In simple terms, how...
-
please explain how to arrive at these numbers. thanks Lindon Company is the exclusive distributor for an automotive product that sells for $58.00 per unit and has a CM ratio of 30%. The company's...
-
Provide a few individual examples who revealed what aspects of emotional intelligence?
-
Landry Appliances had the following purchase transactions. Journalize all necessary transactions using the periodic inventory system. Explanations are not required. Sep. 4 Purchased inventory of...
-
Preparing the statement of retained earnings Prepare the statement of retained earnings of Decorating Arrangements for the year ended December 31, 2016. Insurance Expense....... $ 2,000 Service...
-
On December 1, Kole Corporation accepted a 120-day, 6%, $17,000 note receivable from J. Peterman in exchange for his account receivable. Requirements 1. Journalize the transaction on December 1. 2....
-
E 6-2 Discuss effect of intercompany sale of building Khap Corporation acquired an 80 percent interest in Khun Corporation in 2014. On January 1, 2016, Khap sold a building with a five-year remaining...
-
4. How will the consolidated assets and consolidated net income for 2016 be affected by the intercompany sale? a Consolidated net assets will decrease, and consolidated net income will increase. b...
-
4. Pam Company owns 100 percent of Sun Company. On January 1, 2016, Pam sold Sun delivery equipment at a gain. Pam had owned the equipment for two years and used a five-year straight-line...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App