Baird Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price Materials cost Jabon cort $36.40 8.00
Baird Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price Materials cost Jabon cort $36.40 8.00
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter11: Differential Analysis And Product Pricing
Section: Chapter Questions
Problem 16E
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![Baird Publications established the following standard price and costs for a hardcover picture book that the company produces.
Standard price and variable costs
Sales price
Materials cost
Labor cost
Overhead cost
Selling, general, and administrative costs.
Planned fixed costs:
$36.40
8.00
4.00
5.80
6.20
Manufacturing overhead
$ 135,000
Selling, general, and administrative
52,000
Assume that Baird actually produced and sold 35,000 books. The actual sales price and costs incurred follow
Actual price and variable costs
Sales price
Materials cost
Labor cost
Overhead cost
Selling, general, and administrative costs
Actual fixed costs.
Manufacturing overhead
Selling, general, and administrative
$ 35,40
8.20
3.90
5.85
6.00
$ 120,000
58,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff7c9f729-7c87-45f3-8247-c3d4bc7bdce8%2F1367fa97-4bda-4f2c-b59d-4b4a8297df60%2F1jacr3n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Baird Publications established the following standard price and costs for a hardcover picture book that the company produces.
Standard price and variable costs
Sales price
Materials cost
Labor cost
Overhead cost
Selling, general, and administrative costs.
Planned fixed costs:
$36.40
8.00
4.00
5.80
6.20
Manufacturing overhead
$ 135,000
Selling, general, and administrative
52,000
Assume that Baird actually produced and sold 35,000 books. The actual sales price and costs incurred follow
Actual price and variable costs
Sales price
Materials cost
Labor cost
Overhead cost
Selling, general, and administrative costs
Actual fixed costs.
Manufacturing overhead
Selling, general, and administrative
$ 35,40
8.20
3.90
5.85
6.00
$ 120,000
58,000
![Required
a. & b. Determine the flexible budget variances and also indicate the effect of each variance by selecting favorable (F) or unfavorable
(U).
Note: Select "None" if there is no effect (i.e., zero variance).
Sales revenue
Variable manufacturing costs
Materials
Labor
Overhead
Selling, general, and administrative costs
Contribution margin
Fixed costs
Manufacturing overhead
Selling, general, and administrative costs
Net income
Flexible Budget
Variances](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff7c9f729-7c87-45f3-8247-c3d4bc7bdce8%2F1367fa97-4bda-4f2c-b59d-4b4a8297df60%2Faxvl1t8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required
a. & b. Determine the flexible budget variances and also indicate the effect of each variance by selecting favorable (F) or unfavorable
(U).
Note: Select "None" if there is no effect (i.e., zero variance).
Sales revenue
Variable manufacturing costs
Materials
Labor
Overhead
Selling, general, and administrative costs
Contribution margin
Fixed costs
Manufacturing overhead
Selling, general, and administrative costs
Net income
Flexible Budget
Variances
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