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he following data is for the month of June for the Sylvie Co.   Master Budget: Sales of $8,000,000, variable cost of $4,000,000, and fixed cost of $2,000,000 and sales of 200,000 units.   Actual Results: Sales $9,000,000, variable cost $6,000,000, fixed cost $2,500,000 and 450000 units.   Required:  Calculate the sales activity and flexible budget variances for the month of June ( 5 column variance analysis ).

he following data is for the month of June for the Sylvie Co.   Master Budget: Sales of $8,000,000, variable cost of $4,000,000, and fixed cost of $2,000,000 and sales of 200,000 units.   Actual Results: Sales $9,000,000, variable cost $6,000,000, fixed cost $2,500,000 and 450000 units.   Required:  Calculate the sales activity and flexible budget variances for the month of June ( 5 column variance analysis ).

FINANCIAL ACCOUNTING
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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The following data is for the month of June for the Sylvie Co.

 

Master Budget: Sales of $8,000,000, variable cost of $4,000,000, and fixed cost of $2,000,000 and sales of 200,000 units.

 

Actual Results: Sales $9,000,000, variable cost $6,000,000, fixed cost $2,500,000 and 450000 units.

 

Required:  Calculate the sales activity and flexible budget variances for the month of June ( 5 column variance analysis ).

 

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