FlexibleSalesActualFlexibleMasterBudgetActivityResultsBudgetBudgetVarianceVarianceUnits10,000?2,700Sales revenue?10,000 F??Less:87,10090,300?98,000Contribution margin51,300??6,700What is the sales revenue in the flexible budget?Hint: Use your variances to find missing numbers and back into an answer

Budgetary control: It is the process under which the budget is compared with actual performance to…

Flexible Sales Actual Flexible Master Budget Activity Results Budget Budget Variance Variance Units 10,000 ? 2,700 ? Sales revenue ? 10,000 F ? ? ? Less: 87,100 90,300 98,000 ? 3,900 ? 3,300 F 29,300 Contribution margin 51,300 ? ? 6,700 U ? What is the sales revenue in the flexible budget? Hint: Use your variances to find missing numbers and back into an answer

Flexible Sales Actual Flexible Master Budget Activity Results Budget Budget Variance Variance Units 10,000 ? 2,700 ? Sales revenue ? 10,000 F ? ? ? Less: 87,100 90,300 98,000 ? 3,900 ? 3,300 F 29,300 Contribution margin 51,300 ? ? 6,700 U ? What is the sales revenue in the flexible budget? Hint: Use your variances to find missing numbers and back into an answer

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter23: Flexible Budgeting (flexbud)

Section: Chapter Questions

Problem 5R

See similar textbooks

Similar questions

Please help me with show all calculation thanku
Right? Explain
Please do not give solution in image format thanku
Give me perfect answer for upvotes otherwise I will give downvotes
Please help me with all answers thanku
Question 2:Different type of Budget name are specify in front of each description, You are required to write the budget name in 3rd column with reason as option 1 is solved as an example. Description Name of Budget Option with analysis (Answering Вох) 1.It is the forecast of the overall sales for Direct Material Sale Budget the year, so that next year it can be a Usage Budget Reason: Because it is related to better estimate the estimation of sale value according to the company availability of resources. 2. A budget that usually take in to account Plant Utilization the opening and closing stock with an Budget sales for better estimation. 3. The type of budget that show the quantities of material required in budgeted production. Research and development Budget 4. The budget contains an estimate of all Cash or Financial direct labor cost required to produce the Budget budgeted products. 5. Budget that use machine load production department, overloading on plant and machinery. Master…
Perform a sensitivity analysis on the budget for values from $5,000 to $35,000 inincrements of $5,000. Construct a graph of percentage reach versus budget. Is theadditional increase in percentage reach monotonically decreasing as the budget allocationincreases? Why or why not? What is your recommended budget? Explain.
Hello question is attached, thanks.
I need help with problems 1 a-b, and 2-a-c. Part of 1 b is cut off, to clarify it says that I need to solve for the "price variance" and the "spending variance." Thanks for the help in advance!
Hh1. Need help with DM Price variance percentage
Budgeted sales OMR 60000; Actual sales OMR 75000; then the variance will be: O a. OMR 15000 Unfavorable of O b. OMR 15000 Favorable O C. Some other answer O d. OMR 60000 Favorable page
ndow Help nework.pdf Aa v 100000 38%= 38,000 Question 4. Dawn is preparing a budget for her operation. She has forecasted revenue of $1,200,000 for th budget period and now wants to complete the variable expense portion of her forecast. Dawn reviewed her historical cost percentage records. She then established her target variable cost percentages for several variable cost categories. Use Dawn's target cost percentages to comple her variable expense forecast and then answer the questions that follow. Revenue Forecast: $1,200,000 Historical Variable Expense Cost Variable Target Expense Percentage Expense Percentage 2.8% Еxpense Forecast Marketing 3.0% 36,000 Glassware 0.25 0.15 1,800 Paper products 0.25 0,25 3,000 Linens 1.0 0.75 9,000 Flowers and decorations Kitchen utensils 0,50 0.25 3,000 0.25 0.25 3,000 1. What is the amount Dawn will budget for marketing? 2. What is the amount Dawn will budget for linens? 3. What is the amount Dawn will budget for kitchen utensils? 4. What would be…