Use the information provided below to prepare the Performance report indicating original budget, actual budget, flexible...
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Use the information provided below to prepare the Performance report indicating original budget, actual budget, flexible budget and variances. INFORMATION Robex Ltd manufactures a single product. It originally planned to produce and sell 8 000 units during the year, but the actual activity level was 11 000 units. The budgeted and actual income and costs for the year are as follows: Volume Sales Cost of sales Direct Materials Direct labour Variable overheads Fixed overheads Gross Profit Original Budget 8 000 units R 1 280 000 (1 028 000) 360 000 304 000 144 000 220 000 252 000 Actual results 11 000 units R 1815 000 (1 450 000) 528 000 440 000 242 000 240 000 365 000 Use the information provided below to prepare the Performance report indicating original budget, actual budget, flexible budget and variances. INFORMATION Robex Ltd manufactures a single product. It originally planned to produce and sell 8 000 units during the year, but the actual activity level was 11 000 units. The budgeted and actual income and costs for the year are as follows: Volume Sales Cost of sales Direct Materials Direct labour Variable overheads Fixed overheads Gross Profit Original Budget 8 000 units R 1 280 000 (1 028 000) 360 000 304 000 144 000 220 000 252 000 Actual results 11 000 units R 1815 000 (1 450 000) 528 000 440 000 242 000 240 000 365 000
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Answer rating: 100% (QA)
SOL The flexible budget figures are computed as follows sales 11000 1280000 8000 176000... 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:
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