What is the solution to the question I uploaded Activity 3The actual information pertains to the month of August. As part of the budgeting process Alloway'sFencing Company developed the following static budget for August. Alloway is in the process ofpreparing the flexible budget and understanding the results.FlexibleBudgetActualStaticResults20.000Budget25.000Sales volume (in units)Sales revenuesP1,000,000512.000488,000458.00030.000P1,250,000600,000650,000450.000200,000Variable costsContribution marginFixed costsOperating profitRequired: Fill out the amounts in the flexible budget and show the flexible budget and volume variancesindicating whether those variances are favorable or unfavorable.

Sales revenue (Flexible budget)=Static sales revenueUnits (Static)×Actual…

Activity 3 The actual information pertains to the month of August. As part of the budgeting process Alloway's Fencing Company developed the following static budget for August. Alloway is in the process of preparing the flexible budget and understanding the results. Actual Results 20.000 Flexible Budget Static Budget 25.000 Sales volume (in units) Sales revenues Variable costs Contribution margin Fixed costs Operating profit P1,000,000 512.000 488,000 458.000 30.000 P1,250,000 600,000 650,000 450,000 200.000 Required: Fill out the amounts in the flexible budget and show the flexible budget and volume variances indicating whether those variances are favorable or unfavorable.

Activity 3 The actual information pertains to the month of August. As part of the budgeting process Alloway's Fencing Company developed the following static budget for August. Alloway is in the process of preparing the flexible budget and understanding the results. Actual Results 20.000 Flexible Budget Static Budget 25.000 Sales volume (in units) Sales revenues Variable costs Contribution margin Fixed costs Operating profit P1,000,000 512.000 488,000 458.000 30.000 P1,250,000 600,000 650,000 450,000 200.000 Required: Fill out the amounts in the flexible budget and show the flexible budget and volume variances indicating whether those variances are favorable or unfavorable.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

__________ is a process by which information and understanding are transferred between a sender and a receiver.
CAN I SEE THE MANUAL WORKING OF THE PROBLEM
briefly, what is the role of the clearinghouse, and is it important?
What does data cleansing mean?
Define Tagging in XBRL
What is greenmail?
What is a data dictionary?
Why are transactions testing important? Please provide enough context
What is the role of the data Librarian?
what is posting system in detail ?
What problems does the data cleansing step attempt to resolve?
How does someone set up an RRSP account? What is an RRSP