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James Manufacturing has the following information available for July: Flexible Sales Units Actual Results 14,000 Budget Variance Flexible Activity Master Budget Variance Budget ? 4,0000 ? Sales revenue ? $21,250F ? ? ? Less: Variable manufacturing costs $89,750 $97,000 ? $121,000 Variable marketing and ? $ 9,2500 ? administrative $4,750F $ 38,000 Contribution margin $57,000 ? $6,8000 What was James's actual sales revenue for July?

James Manufacturing has the following information available for July: Flexible Sales Units Actual Results 14,000 Budget Variance Flexible Activity Master Budget Variance Budget ? 4,0000 ? Sales revenue ? $21,250F ? ? ? Less: Variable manufacturing costs $89,750 $97,000 ? $121,000 Variable marketing and ? $ 9,2500 ? administrative $4,750F $ 38,000 Contribution margin $57,000 ? $6,8000 What was James's actual sales revenue for July?

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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James Manufacturing has the following information available for July: Units 53 Sales revenue Less: Flexible Sales Actual Results 14,000 Budget Variance Flexible Activity Budget Master Variance Budget ? 4,0000 ? ? $21,250F ? ? ? $97,000 ? $121,000 ? $ 9,250U ? $4,750F $ 38,000 $57,000 ? ? $6,8000 ? Variable manufacturing costs $89,750 Variable marketing and administrative Contribution margin What was James's actual sales revenue for July? Multiple Choice 2105355
Transcribed Image Text:James Manufacturing has the following information available for July: Units 53 Sales revenue Less: Flexible Sales Actual Results 14,000 Budget Variance Flexible Activity Budget Master Variance Budget ? 4,0000 ? ? $21,250F ? ? ? $97,000 ? $121,000 ? $ 9,250U ? $4,750F $ 38,000 $57,000 ? ? $6,8000 ? Variable manufacturing costs $89,750 Variable marketing and administrative Contribution margin What was James's actual sales revenue for July? Multiple Choice 2105355
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