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LEWIS Co.
Flexible budget performance report
For month ended May 31
| Flexible budget | Actual results | Variances | Fav/Unfav | |
| Sales | 1805500 | 1828000 | 22500 | Fav |
| Variable expense | 722200 | 726000 | 3800 | Unfav |
| Contribution margin | 1083300 | 1102000 | 18700 | Fav |
| Fixed cost | 150500 | 139000 | 11500 | Fav |
| Income (loss) | 932800 | 963000 | 30200 | Fav |
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Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between...
POLOT Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances...
POLOT Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results Metaal Variable expenses Fixed expenses (total) Units produced and sold Budgeted 800 per unit 320 per unit $140,000 $ 492,000 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) LEWIS CO. Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Variances Fav./Unf. < Prev...
Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted an...
Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 300 per unit $ 120 per unit $125,000 1,200 Actual $435,000 $172,000 $122,000 1,400 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) LEWIS CO. Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual...
h Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances...
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Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 350 per unit $ 140 per unit $126,500 1,210 Actual $510,000 $ 204,000 $123,000 1,410 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) Answer is not complete. LEWIS CO. Flexible Budget Performance Report Variances Fav./Unf....
Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted an...
Lewis Co. reports the following results for May.
Prepare a flexible
budget report showing variances between budgeted and actual
results.
please help
Lewis Co. reports the following results for May Prepare a flexible budget report showing variar results. Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 1,250 per unit $ 500 per unit $153,500 1,390 Actual $2,836,000 5 831,000 $ 141,000 1,590 List variable and fixed expenses separately (Indicate the effect of each variance by selecting...
Exercise 21-6 Preparing a flexible budget report LO P1 Lewis Co. reports the following results for...
Exercise 21-6 Preparing a flexible budget report LO P1 Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 550 per unit $ 220 per unit $132,500 1,250 Actual $815,000 $332,000 $127,000 1,450 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) LEWIS CO. Flexible Budget Performance...
got this wrong need some help Exercise 21-6 Preparing a flexible budget report LO P1 Lewis...
got this wrong need some help
Exercise 21-6 Preparing a flexible budget report LO P1 Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Actual $1,245,000 492,000 $ 132,000 1,500 Budgeted $ Sales Variable expenses Fixed expenses (total) Units produced and sold 800 per unit $ 320 per unit $140,000 1,300 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and...
Exercise 08-4 Preparing a flexible budget performance report LO P1 0.85 points Xion Co. budgets a...
Exercise 08-4 Preparing a flexible budget performance report LO P1 0.85 points Xion Co. budgets a selling price of $80 per unit, variable costs of $35 per unit, and total fixed costs of $270,000. During June, the company produced and sold 10,800 units and incurred actual variable costs of $351,000 and actual fixed costs of $285,000. Actual sales for June were $885,000. Prepare a flexible budget report showing variances between budgeted and actual results. List variable and fixed expenses separately....
Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance...
Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $333,750 budgeted expenses include $293,700 variable expenses and $40,050 fixed expenses. Actual expenses include $46,350 fixed expenses. Variances Sales (in units) Sales (in dollars) Total expenses Income from operations Actual Fixed Budget Results 8,900 11,300 $445,000 $ 565,000 333,750 395,500 $111,250 $ 169,500 $120,000 F 61,750 U $ 58,250 F es Prepare a flexible budget performance report showing any variances...
Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance rep...
Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $326,250 budgeted expenses include $278,400 variable expenses and $47,850 fixed expenses. Actual expenses include $56,750 fixed expenses. Variances Sales (in units) Sales (in dollars) Total expenses Income from operations Fixed Budget 8,700 $435,000 326,250 $108,750 Actual Results 11,100 $555,000 388,500 $166,500 $120,000 62,250U $ 57,750 F Prepare a flexible budget performance report showing any variances between budgeted and actual results....
Xion Co. budgets a selling price of $81 per unit, variable costs of $35 per unit,...
Xion Co. budgets a selling price of $81 per unit, variable costs of $35 per unit, and total fixed costs of $278,000. During June, the company produced and sold 11,600 units and incurred actual variable costs of $359,000 and actual fixed costs of $293,000. Actual sales for June were $965,000. Prepare a flexible budget report showing variances between budgeted and actual results. List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and...
POLOT Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results Metaal Variable expenses Fixed expenses (total) Units produced and sold Budgeted 800 per unit 320 per unit $140,000 $ 492,000 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) LEWIS CO. Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Variances Fav./Unf. < Prev...
Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 300 per unit $ 120 per unit $125,000 1,200 Actual $435,000 $172,000 $122,000 1,400 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) LEWIS CO. Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual...
h
Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 350 per unit $ 140 per unit $126,500 1,210 Actual $510,000 $ 204,000 $123,000 1,410 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) Answer is not complete. LEWIS CO. Flexible Budget Performance Report Variances Fav./Unf....
Lewis Co. reports the following results for May.
Prepare a flexible
budget report showing variances between budgeted and actual
results.
please help
Lewis Co. reports the following results for May Prepare a flexible budget report showing variar results. Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 1,250 per unit $ 500 per unit $153,500 1,390 Actual $2,836,000 5 831,000 $ 141,000 1,590 List variable and fixed expenses separately (Indicate the effect of each variance by selecting...
Exercise 21-6 Preparing a flexible budget report LO P1 Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 550 per unit $ 220 per unit $132,500 1,250 Actual $815,000 $332,000 $127,000 1,450 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) LEWIS CO. Flexible Budget Performance...
got this wrong need some help
Exercise 21-6 Preparing a flexible budget report LO P1 Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Actual $1,245,000 492,000 $ 132,000 1,500 Budgeted $ Sales Variable expenses Fixed expenses (total) Units produced and sold 800 per unit $ 320 per unit $140,000 1,300 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and...
Exercise 08-4 Preparing a flexible budget performance report LO P1 0.85 points Xion Co. budgets a selling price of $80 per unit, variable costs of $35 per unit, and total fixed costs of $270,000. During June, the company produced and sold 10,800 units and incurred actual variable costs of $351,000 and actual fixed costs of $285,000. Actual sales for June were $885,000. Prepare a flexible budget report showing variances between budgeted and actual results. List variable and fixed expenses separately....
Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $333,750 budgeted expenses include $293,700 variable expenses and $40,050 fixed expenses. Actual expenses include $46,350 fixed expenses. Variances Sales (in units) Sales (in dollars) Total expenses Income from operations Actual Fixed Budget Results 8,900 11,300 $445,000 $ 565,000 333,750 395,500 $111,250 $ 169,500 $120,000 F 61,750 U $ 58,250 F es Prepare a flexible budget performance report showing any variances...
Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $326,250 budgeted expenses include $278,400 variable expenses and $47,850 fixed expenses. Actual expenses include $56,750 fixed expenses. Variances Sales (in units) Sales (in dollars) Total expenses Income from operations Fixed Budget 8,700 $435,000 326,250 $108,750 Actual Results 11,100 $555,000 388,500 $166,500 $120,000 62,250U $ 57,750 F Prepare a flexible budget performance report showing any variances between budgeted and actual results....
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