Jordan Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price $ 36.00 Materials cost 8.60 Labor cost 3.80 Overhead cost 5.50 Selling, general, and administrative costs 6.30 Planned fixed costs Manufacturing overhead $ 131,000 Selling, general, and administrative 49,000 Jordan planned to make and sell 31,000 copies of the book. Required: a. - d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements, assuming production volumes of 30,000 and 32,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 32,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)

Jordan Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price $ 36.00 Materials cost 8.60 Labor cost 3.80 Overhead cost 5.50 Selling, general, and administrative costs 6.30 Planned fixed costs Manufacturing overhead $ 131,000 Selling, general, and administrative 49,000 Jordan planned to make and sell 31,000 copies of the book. Required: a. - d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements, assuming production volumes of 30,000 and 32,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 32,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

True or False: Access controls limit who can change records Group of answer choices True False
How is the access control list approach different from RBAC?
1. DOT MATRIX PRINTERS ARE NOT CONSIDERED AS DESKTOP PRINTERS. A. TRUE B. FALSE
Landscape is O a. Page Layout O b. A Font Style c. Page Orientation O d. Paper Size
HI Exam A "Queue" is also known as what? a. Linked list b. LIFO C. FIFO d. Stack
Please don't use chat gpt and other ai other wise I give multiplie downvote Which of the following is sometimes called a currently attainable standard? O a. par b. normal standard O c. theoretical standard d. ideal standard
Can I gt help for part iv, v, vi tank u
Write a about memorandum message
Write me a human paragraph without using Al about what a memorandoms of understanding is and how it is used
The easiest way to change the order in a chart is in the __________. Multiple Choice underlying spreadsheet slicer chart options chart itself
Information that is reported free from error ________.
Write a note on IFRS.