Calc+ Company manufactures calculators for schools. The master budget is based on sales of 40,000 units...
Calc+ Company manufactures calculators for schools. The master budget is based on sales of 40,000 units at $65 per calculator. Budgeted variable costs are $45 per unit, while budgeted fixed costs total $670,000. Actual income was $211,000 on actual sales of 42,000 units at $64 each. Actual variable costs were $43 per unit and actual fixed costs totaled $671,000.
What is the master-budget variance of operating income (list variance amount and if it is favorable or unfavorable)?
a. $41,000 Favorable
b. $81,000 Favorable
c. $170,000 Favorable
d. $40,000 Favorable
The flexible budget will report ________ for operating income.
a. $170,000
b. $171,000
c. $211,000
d. $130,000
What is the spending variance of sales (list variance amount and if it is favorable or unfavorable)?
a. $130,000 Favorable
b. $81,000 Favorable
c. $42,000 Favorable
d. $42,000 Unfavorable
What is the volume variance of variable costs (list variance amount and if it is favorable or unfavorable)?
a. $40,000 Favorable
b. $84,000 Favorable
c. $90,000 Unfavorable
d. $6,000 Unfavorable
Homework Answers
Master-Budget Variance of Operating Income = Actual Result of
Operating Income - Planning Budget of Operating Income
Master-Budget Variance of Operating Income = $211,000 -
$130,000
Master-Budget Variance of Operating Income = $81,000 Favorable
Flexible Budget of Operating Income = $170,000
Spending Variance of Sales = Actual Result of Sales - Flexible
Budget of Sales
Spending Variance of Sales = $2,688,000 - $2,730,000
Spending Variance of Sales = $42,000 Unfavorable
Volume Variance of Variable Costs = Flexible Budget of Variable
Costs - Planning Budget of Variable Costs
Volume Variance of Variable Costs = $1,890,000 - $1,800,000
Volume Variance of Variable Costs = $90,000 Unfavorable
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Calc+ Company manufactures calculators for schools. The master
budget is based on sales of 40,000 units...
Question 1 1 pts Calc+ Company manufactures calculators for schools. The master budget is based on...
Question 1 1 pts Calc+ Company manufactures calculators for schools. The master budget is based on sales of 40,000 units at $65 per calculator. Budgeted variable costs are $45 per unit, while budgeted fixed costs total $670,000. Actual income was $211,000 on actual sales of 42,000 units at $64 each. Actual variable costs were $43 per unit and actual fixed costs totaled $671,000. What is the master-budget variance of operating income (list variance amount and if it is favorable or...
Calc+ Company manufactures calculators for schools. The master budget is based on sales of 40,000 units...
Calc+ Company manufactures calculators for schools. The master budget is based on sales of 40,000 units at $65 per calculator. Budgeted variable costs are $45 per unit, while budgeted fixed costs total $670,000. Actual income was $211,000 on actual sales of 42,000 units at $64 each. Actual variable costs were $43 per unit and actual fixed costs totaled $671,000. What is the master-budget variance of operating income (list variance amount and if it is favorable or unfavorable)? Calc+ Company manufactures...
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The master budget at Western Company last period called for sales of 226,100 units at $10.10...
The
master budget at Western Company last period called for sales of
226,100 units at $10.10 each. The costs were estimated to be $3.86
variable per unit and $226,100 fixed. During the period, actual
production and actual sales were 231,100 unit. The selling price
was $10.20 per unit. Variable costs were $5.60 per unit. Actual
fixed costs were $226,100.
Required Prepare a profit variance analysis.
(Indicate the effect of each variance by selecting “F” for
favorable, or “U” for unfavorable....
The master budget at Western Company last period called for sales of 225,800 units at $9.8...
The master budget at Western Company last period called for sales of 225,800 units at $9.8 each. The costs were estimated to be $3.83 variable per unit and $225,800 fixed. During the period, actual production and actual sales were 230,800 unit. The selling price was $9.90 per unit. Variable costs were $5.30 per unit. Actual fixed costs were $225,800. Required: Prepare a sales activity variance analysis. (Indicate the effect of each variance by selecting “F” for favorable, or “U” for...
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The
master budget at Western Company last period called for sales of
226,100 units at $10.10 each. The costs were estimated to be $3.86
variable per unit and $226,100 fixed. During the period, actual
production and actual sales were 231,100 unit. The selling price
was $10.20 per unit. Variable costs were $5.60 per unit. Actual
fixed costs were $226,100.
Required Prepare a profit variance analysis.
(Indicate the effect of each variance by selecting “F” for
favorable, or “U” for unfavorable....
The master budget at Western Company last period called for sales of 225,800 units at $9.8 each. The costs were estimated to be $3.83 variable per unit and $225,800 fixed. During the period, actual production and actual sales were 230,800 units. The selling price was $9.90 per unit. Variable costs were $5.30 per unit. Actual fixed costs were $225,800. Required: Prepare a sales activity variance analysis. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for...
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