Find the values of the missing items (a) through (x). Assume the actual sales volume equals actual production volume.Marketing andAdministrative Sales PriceVarianceVarianceUnitsSales RevenueLess:Variable Manufacturing CostsVariable marketing and administrative costsContribution marginFixed manufacturing costsFixed marketing and administrative costsOperating ProfitPreviousNextReported income statement(based on actual sales volume) Manufacturing variance(a)(g)(n)(q)(r)(t)$4,320$3,600(0)$1,800 U$ 400 F(u)(p)(s)(v)(w)$3,600 F(X)$3,600 FFlexible Budget (based on actualsales volume(b)(h)(m)Sales Activity Variance4,000 F(1)$19,200 (i)$4,800 $800 U$12,000 (k)$3,000$4,000 (1)Master Budget (based on budgeted sales volume)20,000$30,000(c)(d)(e)(f)$16,000$10,000

Activity variances are those which are determined to show the differences between the values of…

Find the values of the missing items (a) through (x). Assume the actual sales volume equals actual production volume. Marketing and Administrative Variance Units Sales Revenue Less: Variable Manufacturing Costs Variable marketing and administrative costs Contribution margin Fixed manufacturing costs. Fixed marketing and administrative costs Reported income statement (based on actual sales volume) Manufacturing variance (a) (9) (n) (q) (r) $4,320 $3,600 (0) $1,800 U $400 F (P) (s) (V) Sales Price Variance $3,600 F (x) Flexible Budget (based on actual sales volume (b) (h) (m) Sales Activity Variance 4,000 F (1) $19,200 (1) $4,800 $800 U $12,000 (k) $3,000 Master Budger 20 $30 (c) (d) (e) $16 $10

Find the values of the missing items (a) through (x). Assume the actual sales volume equals actual production volume. Marketing and Administrative Variance Units Sales Revenue Less: Variable Manufacturing Costs Variable marketing and administrative costs Contribution margin Fixed manufacturing costs. Fixed marketing and administrative costs Reported income statement (based on actual sales volume) Manufacturing variance (a) (9) (n) (q) (r) $4,320 $3,600 (0) $1,800 U $400 F (P) (s) (V) Sales Price Variance $3,600 F (x) Flexible Budget (based on actual sales volume (b) (h) (m) Sales Activity Variance 4,000 F (1) $19,200 (1) $4,800 $800 U $12,000 (k) $3,000 Master Budger 20 $30 (c) (d) (e) $16 $10

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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