Homework Answers
Answer
|
Flexible Budget |
Actual Results |
Variances |
Fav / Unfav |
|
|
Sales |
$556,000 |
$510,000 |
$46,000 |
Unfavourable |
|
Variable expenses |
$83,400 |
$113,600 |
$30,200 |
Unfavourable |
|
Contribution margin |
$472,600 |
$396,400 |
$76,200 |
Unfavourable |
|
Fixed expenses |
$141,000 |
$134,000 |
$7,000 |
Favourable |
|
Income from Operations |
$331,600 |
$262,400 |
$69,200 |
Unfavourable |
--Working
|
Flexible Budget |
Actual Results |
|
|
Sales |
=436000*27800/21800 |
510000 |
|
Variable expenses |
=65400*27800/21800 |
113600 |
|
Contribution margin |
=556000-83400 |
=510000-113600 |
|
Fixed expenses |
141000 |
134000 |
|
Income from Operations |
=472600-141000 |
=396400-134000 |
Add Answer to:
Brodrick Company expects to produce 21,800 units for the year ending December 31. A flexible budget...
Brodrick Company expects to produce 21,200 units for the year ending December 31. A flexible budget...
Brodrick Company expects to produce 21,200 units for the year ending December 31. A flexible budget for 21,200 units of production reflects sales of $530,000; variable costs of $63,600; and fixed costs of $142,000. QS 23-4 Flexible budget performance report LO P1 Assume that actual sales for the year are $604,500 (26,100 units), actual variable costs for the year are $113,500, and actual fixed costs for the year are $134,000. Prepare a flexible budget performance report for the year. Use...
Check my work Brodrick Company expects to produce 20,400 units for the year ending December 31....
Check my work Brodrick Company expects to produce 20,400 units for the year ending December 31. A flexible budget for 20,400 units of production reflects sales of $469,200; variable costs of $61,200; and fixed costs of $143,000. Part 2 of 2 QS 23-4 Flexible budget performance report LO P1 1.11 Assume that actual sales for the year are $578,300 (27,100 units), actual variable costs for the year are $113,200, and actual fixed costs for the year are $134,000. points Prepare...
Brodrick Company expects to produce 20,200 units for the year ending December 31. A flexible budget...
Brodrick Company expects to produce 20,200 units for the year ending December 31. A flexible budget for 20,200 units of production reflects sales of $545,400; variable costs of $60,600; and fixed costs of $143,000. 1)If the company instead expects to produce and sell 26,700 units for the year, calculate the expected level of income from operations. ------Flexible Budget------ ------Flexible Budget at ------ Variable Amount per Unit Total Fixed Cost 20,200 units 26,700 units Contribution margin $0.00 $0 $0 $0 $0...
Required information [The following information applies to the questions displayed below.) Brodrick Company expects to produce...
Required information [The following information applies to the questions displayed below.) Brodrick Company expects to produce 21,400 units for the year ending December 31. A flexible budget for 21,400 units of production reflects sales of $620,600; variable costs of $64,200; and fixed costs of $141,000. Assume that actual sales for the year are $729,200 (26,800 units), actual variable costs for the year are $114,000, and actual fixed costs for the year are $136,000. Prepare a flexible budget performance report for...
Please provide instructions on each variance and actual results. Brodrick Company expects to produce 21,700 units...
Please provide instructions on each variance and actual
results.
Brodrick Company expects to produce 21,700 units for the year ending December 31. A flexible budget for 21,700 units of production reflects sales of $607,600; variable costs of $65,100; and fixed costs of $143,000. QS 21-4 Flexible budget performance report LO P1 Assume that actual sales for the year are $705,400 (26,800 units), actual variable costs for the year are $113,400, and actual fixed costs for the year are $131,000. Prepare...
Required information [The following information applies to the questions displayed below.] Brodrick Company expects to produce...
Required information [The following information applies to the questions displayed below.] Brodrick Company expects to produce 20,700 units for the year ending December 31. A flexible budget for 20,700 units of production reflects sales of $455,400; variable costs of $62,100; and fixed costs of $142,000. Assume that actual sales for the year are $532,200 (26,100 units), actual variable costs for the year are $114,000, and actual fixed costs for the year are $134,000. Prepare a flexible budget performance report for...
Based on predicted production of 25,100 units, a company anticipates $280,000 of fixed costs and $502,000...
Based on predicted production of 25,100 units, a company anticipates $280,000 of fixed costs and $502,000 of variable costs. If the company actually produces 18,400 units, what are the flexible budget amounts of fixed and variable costs? ------Flexible Budget------ ------Flexible Budget at ------ Variable Amount per Unit Total Fixed Cost 25,100 units 18,400 units 20.00 Variable cost Fixed costs 502,000 280,000 782,000 Total budgeted costs $ $ 0 Required information [The following information applies to the questions displayed below.] Brodrick...
Required information The following information applies to the questions displayed below.) Brodrick Company expects to produce...
Required information The following information applies to the questions displayed below.) Brodrick Company expects to produce 21.900 units for the year ending December 31. A flexible budget for 21,900 units of production reflects sales of $635,100; variable costs of $65,700; and fixed costs of $144,000. Assume that actual sales for the year are $ 719,700 (26,300 units), actual variable costs for the year are $113,300, and actual fixed costs for the year are $132,000. Prepare a flexible budget performance report...
Required information The following information applies to the questions displayed below.) Brodrick Company expects to produce...
Required information The following information applies to the questions displayed below.) Brodrick Company expects to produce 21,300 units for the year ending December 31. A flexible budget for 21,300 units of production reflects sales of $575,100; variable costs of $63,900; and fixed costs of $141,000. If the company instead expects to produce and sell 26.900 units for the year, calculate the expected level of income from operations. Flexible Budget at - Flexible Budget- Variable Total Fixed Amount per Cost Unit...
Part 1 of 2 Required information The following information applies to the questions displayed below) Brodrick...
Part 1 of 2 Required information The following information applies to the questions displayed below) Brodrick Company expects to produce 20100 units for the year ending December 31. A flexible budget for 20,100 units of production reflects sales of $582.900: variable costs of $60,300; and fixed costs of $143,000. If the company instead expects to produce and sell 26,600 units for the year, calculate the expected level of income from operations Flexible Budget Flexible Budget at Total Fixed Variable Amount...
Check my work Brodrick Company expects to produce 20,400 units for the year ending December 31. A flexible budget for 20,400 units of production reflects sales of $469,200; variable costs of $61,200; and fixed costs of $143,000. Part 2 of 2 QS 23-4 Flexible budget performance report LO P1 1.11 Assume that actual sales for the year are $578,300 (27,100 units), actual variable costs for the year are $113,200, and actual fixed costs for the year are $134,000. points Prepare...
Required information [The following information applies to the questions displayed below.) Brodrick Company expects to produce 21,400 units for the year ending December 31. A flexible budget for 21,400 units of production reflects sales of $620,600; variable costs of $64,200; and fixed costs of $141,000. Assume that actual sales for the year are $729,200 (26,800 units), actual variable costs for the year are $114,000, and actual fixed costs for the year are $136,000. Prepare a flexible budget performance report for...
Please provide instructions on each variance and actual
results.
Brodrick Company expects to produce 21,700 units for the year ending December 31. A flexible budget for 21,700 units of production reflects sales of $607,600; variable costs of $65,100; and fixed costs of $143,000. QS 21-4 Flexible budget performance report LO P1 Assume that actual sales for the year are $705,400 (26,800 units), actual variable costs for the year are $113,400, and actual fixed costs for the year are $131,000. Prepare...
Required information [The following information applies to the questions displayed below.] Brodrick Company expects to produce 20,700 units for the year ending December 31. A flexible budget for 20,700 units of production reflects sales of $455,400; variable costs of $62,100; and fixed costs of $142,000. Assume that actual sales for the year are $532,200 (26,100 units), actual variable costs for the year are $114,000, and actual fixed costs for the year are $134,000. Prepare a flexible budget performance report for...
Based on predicted production of 25,100 units, a company anticipates $280,000 of fixed costs and $502,000 of variable costs. If the company actually produces 18,400 units, what are the flexible budget amounts of fixed and variable costs? ------Flexible Budget------ ------Flexible Budget at ------ Variable Amount per Unit Total Fixed Cost 25,100 units 18,400 units 20.00 Variable cost Fixed costs 502,000 280,000 782,000 Total budgeted costs $ $ 0 Required information [The following information applies to the questions displayed below.] Brodrick...
Required information The following information applies to the questions displayed below.) Brodrick Company expects to produce 21.900 units for the year ending December 31. A flexible budget for 21,900 units of production reflects sales of $635,100; variable costs of $65,700; and fixed costs of $144,000. Assume that actual sales for the year are $ 719,700 (26,300 units), actual variable costs for the year are $113,300, and actual fixed costs for the year are $132,000. Prepare a flexible budget performance report...
Required information The following information applies to the questions displayed below.) Brodrick Company expects to produce 21,300 units for the year ending December 31. A flexible budget for 21,300 units of production reflects sales of $575,100; variable costs of $63,900; and fixed costs of $141,000. If the company instead expects to produce and sell 26.900 units for the year, calculate the expected level of income from operations. Flexible Budget at - Flexible Budget- Variable Total Fixed Amount per Cost Unit...
Part 1 of 2 Required information The following information applies to the questions displayed below) Brodrick Company expects to produce 20100 units for the year ending December 31. A flexible budget for 20,100 units of production reflects sales of $582.900: variable costs of $60,300; and fixed costs of $143,000. If the company instead expects to produce and sell 26,600 units for the year, calculate the expected level of income from operations Flexible Budget Flexible Budget at Total Fixed Variable Amount...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago