Homework Answers
Correct Answer:
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JUDA Industries |
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Flexible budget performance report |
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For the year ended December 31,2018 |
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Budgeted Amount per unit |
Actual Results |
Flexible budget variance |
Flexible budget |
Sales volume variance |
Static budget |
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Units |
$ 14,400 |
$ - |
$ 14,400 |
$ (800) |
U |
$ 15,200 |
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Sales Revenue |
$ 9 |
$ 1,22,400 |
$ 21,600 |
F |
$ 1,00,800 |
$ (5,600) |
U |
$1,06,400 |
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Less: Variable cost |
$ 3 |
$ 38,880 |
$ 1,440 |
U |
$ 37,440 |
$ (2,080) |
F |
$ 39,520 |
|
Contribution margin |
$ 6 |
$ 83,520 |
$ 20,160 |
U |
$ 63,360 |
$ (3,520) |
F |
$ 66,880 |
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Less: Fixed cost |
$ 49,000 |
$ 2,500 |
U |
$ 46,500 |
$ - |
$ 46,500 |
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Net operating income |
$ 34,520 |
$ 17,660 |
F |
$ 16,860 |
$ (3,520) |
U |
$ 20,380 |
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The Increase in the sales price per unit caused this Favourable Variance
End of Answer.
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