ible Budgets - Direct Cost Varianc 1 of 2 (0 complete) rs. A new accountant inte

Question

ible Budgets - Direct Cost Varianc 1 of 2 (0 complete) rs. A new accountant intern at Richfield has accidentally deleted the calculations on the company's variance analys is accurate, you will find that the total static-budget variance is $0.) ance column. Label each varian eas avorable F or unfavorable For variances with a SO balance, make sure t FlexibleRequirements Budget Calculate all the required variances. (If your work is accurate, you will find that the total statio-budget variance is $0.) What are the actual and budgeted selling prices? What are the actual and budgeted variable costs per unit? Review the variances you have calculated and discuss possible causes and potential problems. What is the important lesson learned here? 2. 3. Print Done s and then click Check Answer. Clear All

Explanation / Answer

Budgeted amounts per unit Actual Flexible budget variance Flexible budget Sales volume variance Planning budget Units 101000 101000 98000 Sales revenue 3.6 681750 318150 F 363600 10800 F 352800 Less Variable expense 2.25 470000 242750 U 227250 6750 U 220500 Contribution margin 1.35 211750 75400 F 136350 4050 F 132300 Less Fixed cost 184450 79450 U 105000 0 105000 Net operating income 27300 4050 U 31350 4050 F 27300

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.