Question 45 Witon Company prepared the fallowing xed mtr) budget at the beginnin

Question

Question 45 Witon Company prepared the fallowing xed mtr) budget at the beginning of 2016 esas shown below for the sale of 22000uras the total expenses halwo fixed and hat were vwiable variance requirement show the budgeted amount to be used for the analysis the actual amount and then the matemtical valance followed by F or U for favorable or unfavorable varlance For xample Budgeted Sales X0XX. Actual Sales X, eXX Complete the fag statement To property calculate variances compare b-Calculate the Sales varliance and indicate if the variance is favorable or unfavorable c-Explain what caused the sales variance in (a) above e-Calculate the f f-Calculate the 1%

Explanation / Answer

Budgeted amounts per unit Actual Flexible budget variance Flexible budget Sales volume variance Planning budget Units 22000 22000 15000 Sales revenue 40 780000 100000 U 880000 280000 F 600000 Less Variable expense 20 269450 170550 F 440000 140000 U 300000 Contribution margin 20 510550 70550 F 440000 140000 F 300000 Less Fixed cost 269450 69450 U 200000 0 200000 Net operating income 241100 1100 F 240000 140000 F 100000

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

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