Odessa, Inc., reports the following information concerning operations for the mo

Question

Odessa, Inc., reports the following information concerning operations for the most recent month: Actual (based on based on 102.81 Manufacturing costs Direct labor 15.,600 11,050 6 370 4.550 S 46.012S 51.220 12.878 13.660 240 5.684 4 550 Variable overhead Total variable costs 56798 Fxed costs 5.065 10.780 10.361 5.200 10,400 26 20525000 5 33 280 Total fixed costs Operating proits 30,592 There are no inventories. Required Prepare a sales activity variance analysis for Odessa, Inc. (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.) Sales Activity Variance Flexible Budget based on actual Master Budget based on budgeted 650 Sales Activity Variance 585 units) Sales revenue Direct labor Total variable costs 51 Contributon margin Fixed costs: Total fxed costs Operating profit 10 26 13

Explanation / Answer

Actual Sales Activity Variance Master Budget Sales Revenue 102810 7690 U 110500 Less Manufacturing Cost Direct Labor 12878 772 F 13650 Materials 13660 1940 F 15600 Variable Overhead 9240 1810 F 11050 Marketing 5684 686 F 6370 Administrative 4550 0 4550 Total Variable Cost 46012 5208 F 51220 Contribution Margin 56798 2482 U 59280 Fixed Cost Manufacturing 5065 135 F 5200 Marketing 10780 380 U 10400 Administrative 10361 39 F 10400 Total Fixed Costs 26206 206 U 26000 Operating Profit 30592 2688 U 33280

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