23. Capity Tea Products has an exclusive contract with British Distributors. Calamine and Capity are two brands of teas that are imported and sold to retail outlets. The following information is provided for the month of March: Actual Budget Calamine Сapity Calamine Сapity. Sales in pounds 3740 lbs. 3980lbs. 5000 lbs. 3700 lbs $2.80 $2.80 Price per pound $2.00 Variable cost per pound $3.00 1.00 2.00 1.50 1.00 Contribution margin $1.00 $1.80 $0.80 $1.50 Budgeted and actual fixed corporate-sustaining costs are$1,850 and $2,300, respectively. For the contribution margin, what is the total flexible-budget variance?

23. Capity Tea Products has an exclusive contract with British Distributors. Calamine and Capity are two brands of teas that are imported and sold to retail outlets. The following information is provided for the month of March: Actual Budget Calamine Сapity Calamine Сapity. Sales in pounds 3740 lbs. 3980lbs. 5000 lbs. 3700 lbs $2.80 $2.80 Price per pound $2.00 Variable cost per pound $3.00 1.00 2.00 1.50 1.00 Contribution margin $1.00 $1.80 $0.80 $1.50 Budgeted and actual fixed corporate-sustaining costs are$1,850 and $2,300, respectively. For the contribution margin, what is the total flexible-budget variance?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Required information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 600 sun shades in May and 380 in June. Each shade sells for $143. Shadee's beginning and ending finished goods inventories for May are 70 and 45 shades, respectively. Ending finished goods inventory for June will be 60 shades. E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e] Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. Budgeted Cost of Closures Purchased May June
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Required information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 540 sun shades in May and 320 in June. Each shade sells for $138. Shadee's beginning and ending finished goods inventories for May are 60 and 55 shades, respectively. Ending finished goods inventory for June will be 70 shades. E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e] Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects t have 120 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. Budgeted Cost of Poles Purchased May June
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