What would be an evaluation of the first quarter performance of Country Cookin\'

Question

What would be an evaluation of the first quarter performance of Country Cookin'?

Documentl- Word HILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEV VIEV Country Cookin' Inc. Performance Report For the Quarter Ended March 31 Actual Variance Flexible Variance Master 27,000 (1,000) Units Sold Sales Direct Materials Direct Labor 27,000 130 3,830,000 320,000 2,476,000 100,000 98,000 (3,250) 83,000 1,240) 1,047,400220,390 3,510,000 130,000 3,640,000 2,376,000 88,000 2464000 3,750 4,500 3.75 105000 126000 4.5 3.12 31 125,600 4.100 121,500 V S&A Contribution Margin F S&A 84,240 3,120 87360 $ 827,010 30,630 857,640 41,000 41,000 50,923 41.000 955,477 220,390 $735,087 30,830 765,717 Country Cookin' Inc. Flexible Budget For the Quarter Ended March 31 Units Sold 28,000 30,000 Sales S130 $3,380,000 $3.640,000 $3,900,000 Direct Materials Direct Labor VOH Total VC FOH Total Costs Gross Profit 88 2288000 2464000 2,640,000 2500 128000135000 $6 $2,502,500 $2,695,000 $2,887,500 41,000 $2,543,50O $2.736,000 $2,828,500 $836,500 $904,000 $971,500 3.75 4.5 97500 117000 105000 11 $41,000 41,000 41,000 +10 O Type here to search :34 PM 9/17/2018

Explanation / Answer

The evaluation of the first quarter performance of Country Cooking is mentioned below:

- The actual production of 27000 units is less than the planned production of 28000 units.

- The actual selling price is the same as budgeted i.e. $130.

- The direct material cost has exceeded the budeted cost of $88.

-The direct labor cost is less than the budgeted cost of $3.75.

- Tbe contribution margin is less than the budgeted margin by $220390.

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