Homework Answers
Fill missing amount
| Reported income statement (2250 Units) | Manufacturing variance | Marketing and administrative variance | Sales price variance | Flexible budget (2250 Units) | Sales activity variance | Master budget (2400 Units) | |
| Sales revenue | 117000 | 4500 U | 121500 | 8100 U | 129600 | ||
| Variable manufacturing costs | 30600 | 3600 F | 34200 | 2280 F | 36480 | ||
| Variable marketing and administrative costs | 12000 | 1500 F | 13500 | 900 F | 14400 | ||
| Contribution margin | 74400 | 600 F | 73800 | 4920 U | 78720 | ||
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blem 16-52 (Static) Find Missing Data for Profit Variance Analysis (LO 16-4) | the values of...
please explain how to do IN ind the values of the missing items (a) through (q)....
please explain how to do
IN ind the values of the missing items (a) through (q). that the actual sales voltume equals actual production vokume. (There are no inventory level changes ) Reported StatementVariance Marketing Income Manufacturing & Admin Sales Price Sales Flexible Activity Master VarianceVarianceBudget Variance Budget Provided Information Units 2,400 s 121,500 $ 117,000 Sales revenue S 2,280 F Variable manufacturing costs Variable marketing& admin costs Contribution margin 3,600 F S 14,400 $74,400 Sales Marketing Sales Price Reported...
Find the values of the missing items. Assume that the actual sales volume equals actual productio...
Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" or favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Reported Income Statement (2,400 units) Flexible Budget (2,400 units) Marketing and Administrative Variance Master Budget Sales Activity Sales Price Variance Manufacturing Variance Variance(2,600 units) S 129,600 Sales...
Find the values of the missing items. Assume that the actual sales volume equals actual production...
Find the values of the missing items. Assume that the actual
sales volume equals actual production volume. (There are no
inventory level changes.) (Do not round intermediate
calculations. 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.)
Problem 16-52 (Algo) Find Missing Data for Profit Variance Analysis (LO 16-4) Find the values of the missing items. Assume that the actual sales volume equals actual...
Problem 16-52 Profit Variance Analysis (LO 16-4) Odessa, Inc., reports the following information concerning operations for...
Problem 16-52 Profit Variance Analysis (LO 16-4) Odessa, Inc., reports the following information concerning operations for the most recent month Actual (based on actual of 495 units) $91,390 Master Budget (based on budgeted 550 units) $99,000 Sales revenue Less Manufacturing costs Direct labor Materials Variable overhead Marketing Administrative 12,430 10,120 7,570 4,486 4,950 $39,556 $51,834 13,200 12,100 9,350 5,170 4.950 $44,770 $54,230 Total variable costs Contribution margin Fixed costs Manufacturing Marketing Administrative 4,255 9,186 8,760 $22,201 4,400 8,800 8,800 $22.000...
Exercise 16-29 Profit Variance Analysis (LO 16-4) (PLEASE INCLUDE STEP BY STEP CALCULATIONS) Osage, Inc., manufactures and sells lamps. The company produces only when it receives orders and, therefore...
Exercise 16-29 Profit Variance Analysis (LO 16-4)
(PLEASE INCLUDE STEP BY STEP CALCULATIONS)
Osage, Inc., manufactures and sells lamps. The company produces
only when it receives orders and, therefore, has no inventories.
The following information is available for the current month
Actual (based on actual orders for 464,000
units)
Master Budget (based on budgeted orders for 508,000
units)
Sales revenue
$
4,982,000
$
5,080,000
Less
Variable costs
Materials
1,510,000
1,524,000
Direct labor
290,000
355,600
Variable overhead
675,800
660,400
Variable marketing...
Find the values of the missing items. Assume that the actual sales volume equals actual production...
Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round intermediate calculations. Indicate the effect of ench variance by selecting "F" for favorable, or "U for unfavorable. If there is no effect, do not select either option.) oints etbook Reported Fiexible Marketing and Administrative Variance Master Budget (2,700 units) Part Income Statement (2,500 units) Manufacturing Variance Sales Price Variance Budget (2.500 units) Sales Activity...
Problem 16-51 Sales Activity Variance (LO 16-3)Odessa, Inc., reports the following information concerning operations for the...
Problem 16-51 Sales Activity Variance (LO 16-3)Odessa, Inc., reports the following information concerning operations for the most recent month: Actual (based on actual of 540 units) Master Budget (based on budgeted 600 units) Sales revenue $ 94,330 $ 102,000 Less Manufacturing costs Direct labor 11,226 12,000 Materials 12,430 14,400 Variable overhead 9,050 10,800 Marketing 5,146 5,820 Administrative 4,800 4,800 Total variable costs $ 42,652 $ 47,820 Contribution margin $ 51,678 $ 54,180 Fixed costs Manufacturing 4,660 4,800 Marketing 9,988 9,600...
James Manufacturing had the following information available for July: Actual Results Flexible Budget Variance Flexible Budget...
James Manufacturing had the following information available for July: Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 13,000 ? 1,000 U ? Sales revenue ? $ 17,300 F ? ? ? Less: Variable manufacturing costs $ 90,000 $ 98,000 ? $ 123,000 Variable marketing and administrative ? $ 3,000 U ? $ 3,700 F $ 39,000 Contribution margin $ 58,000 ? ? $ 6,900 U ? What was James’s master budget contribution margin?
James Manufacturing has the following information available for July: Actual Results Flexible Budget Variance Flexible Budget...
James Manufacturing has the following information available for July: Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 12,000 ? 3,000 U ? Sales revenue ? $ 13,800 F ? ? ? Less: Variable manufacturing costs $ 89,500 $ 96,000 ? $ 119,000 Variable marketing and administrative ? $ 8,500 U ? $ 9,200 F $ 37,000 Contribution margin $ 56,000 ? ? $ 6,700 U ? What was James’s actual sales revenue for July?
James Manufacturing had the following information available for July: Actual Results Flexible Budget Variance Flexible Budget...
James Manufacturing had the following information available for July: Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 14,000 ? 4,000 U ? Sales revenue ? $ 21,250 F ? ? ? Less: Variable manufacturing costs $ 89,750 $ 97,000 ? $ 121,000 Variable marketing and administrative ? $ 9,250 U ? $ 4,750 F $ 38,000 Contribution margin $ 57,000 ? ? $ 6,800 U ? What was James’s master budget contribution margin? Multiple Choice...
please explain how to do
IN ind the values of the missing items (a) through (q). that the actual sales voltume equals actual production vokume. (There are no inventory level changes ) Reported StatementVariance Marketing Income Manufacturing & Admin Sales Price Sales Flexible Activity Master VarianceVarianceBudget Variance Budget Provided Information Units 2,400 s 121,500 $ 117,000 Sales revenue S 2,280 F Variable manufacturing costs Variable marketing& admin costs Contribution margin 3,600 F S 14,400 $74,400 Sales Marketing Sales Price Reported...
Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" or favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Reported Income Statement (2,400 units) Flexible Budget (2,400 units) Marketing and Administrative Variance Master Budget Sales Activity Sales Price Variance Manufacturing Variance Variance(2,600 units) S 129,600 Sales...
Find the values of the missing items. Assume that the actual
sales volume equals actual production volume. (There are no
inventory level changes.) (Do not round intermediate
calculations. 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.)
Problem 16-52 (Algo) Find Missing Data for Profit Variance Analysis (LO 16-4) Find the values of the missing items. Assume that the actual sales volume equals actual...
Problem 16-52 Profit Variance Analysis (LO 16-4) Odessa, Inc., reports the following information concerning operations for the most recent month Actual (based on actual of 495 units) $91,390 Master Budget (based on budgeted 550 units) $99,000 Sales revenue Less Manufacturing costs Direct labor Materials Variable overhead Marketing Administrative 12,430 10,120 7,570 4,486 4,950 $39,556 $51,834 13,200 12,100 9,350 5,170 4.950 $44,770 $54,230 Total variable costs Contribution margin Fixed costs Manufacturing Marketing Administrative 4,255 9,186 8,760 $22,201 4,400 8,800 8,800 $22.000...
Exercise 16-29 Profit Variance Analysis (LO 16-4)
(PLEASE INCLUDE STEP BY STEP CALCULATIONS)
Osage, Inc., manufactures and sells lamps. The company produces
only when it receives orders and, therefore, has no inventories.
The following information is available for the current month
Actual (based on actual orders for 464,000
units)
Master Budget (based on budgeted orders for 508,000
units)
Sales revenue
$
4,982,000
$
5,080,000
Less
Variable costs
Materials
1,510,000
1,524,000
Direct labor
290,000
355,600
Variable overhead
675,800
660,400
Variable marketing...
Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round intermediate calculations. Indicate the effect of ench variance by selecting "F" for favorable, or "U for unfavorable. If there is no effect, do not select either option.) oints etbook Reported Fiexible Marketing and Administrative Variance Master Budget (2,700 units) Part Income Statement (2,500 units) Manufacturing Variance Sales Price Variance Budget (2.500 units) Sales Activity...
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