ok nt ences The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 340,000 units with revenues of $3,400,000. Total variable costs were budgeted at $2,040,000 and fixed costs at $1,015,000. During the period, actual production and actual sales were 320,000 units. The actual revenues were $3,462,000. Actual variable costs were $19.50 per unit. Actual fixed costs were $1,045,000. Required: Prepare a sales activity variance analysis. Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Sales revenue Less: Variable costs Contribution margin Less: Fixed costs Operating profits Cherrylawn Corporation Sales Activity Variance Flexible Budget Sales Activity Variance Master Budget

Q: The cost of maintaining records of Information is an example of cost. Internal failure costa Extemal…

A: Internal Failure Costs- Internal failure costs refers to the cost of product or service which is not…

Q: The definition of the cost is the collection of cost data in some organized way by means of an…

A: Cost is amount of cost incurred

Q: The definition of Materiality is: c. accuracy is always the most important consideration regardless…

A: The objective of the question is to identify the correct definition of Materiality in the context of…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Step 1: Formulate the Lagrangian functionThe Lagrangian function is a mathematical construct that…

Q: Compute the dollar value of each missing item as indicated by A thru E below. Each horizontal line…

A:

Q: A problem statement is an unstructured set of statements that describes the purpose of an effort in…

A: Introduction: A problem statement is important in a process improvement project since it helps…

Q: I have provided images of the assignment that I seek assistance for. I'm asked to compute the gross…

A: Answer 1: Below is the image with the calculation for the above:

Q: Compared to the SUA, QBO has general ledger accounts choices than the SUA. More O QBO does not have…

A: Accounting Software - It is type of application that records and processes accounting transactions…

Q: he following statements are incorrect, except a. Cost is the same with expense. b. All costs…

A: Cost accounting refer to the outflow of money for the purpose of acquiring assets, producing goods…

Q: account, we will ____ it. A. Debit  B. Credit

A: A contra asset account is a type of asset account with a balance that can be either negative or…

Q: Is there a formula (not in excel) that can be used to calculate this?

A: We can use present value formula and present value annuity factor table to calculate number of…

Q: The period set is arbitrary. It to understand

A: Payback period is the no. of years required to recover the initial amount invested.

Q: Current assets under IFRS are listed generally: a.    by importance. b.    in the reverse order of…

A: Current assets: The assets which could be converted into cash within one year like accounts…

Q: The revenue risk can be significantly reduced if these revenue sources move in _____ Group of answer…

A: risk is the degree of uncertainty of occurring or non-occurring of worse things, in generally…

Q: Can you explain on how to find the calculations for all parts for B, C and D? This is where it gets…

A: Here,Number of Shares Outstanding before purchase is 4,700,000Long Term Debt Issues is…

Q: True or false A cost center manager does not have the ability to produce revenue.

A: Cost centre manager involves in the work of cost related to the product he has not an ability to…

Q: Could you possibly slove this with maths instead of excel?

A: Amortized loans are loans that are repaid in equal periodic installments comprising of interest as…

Q: determine whether overhead is overapplied or underapplied. It is also formatted as a table, but I…

A: Over-applied Overhead: A corporation is said to have over-applied overhead when the actual…

Q: not easily traceable and are allocated to a cost object u not abbreviate or add any extra spacing in…

A: Direct costs refer to those expenses which can be directly related to a product or a service.

Q: Could someone please do these calculations by hand? I can't really understand the excel spreadsheet…

A: NPV is defined as the sum of the present values of all future cash inflows less the sum of the…

Q: [The following information applies to the questions displayed below.] B-You is a consulting firm…

A: Analyzing based on considerations other than costs involves evaluating various factors beyond just…

Q: Abstract report on; The high cost of doing nothing.

A: There is an opportunity cost of anything we do. For example, a business organization opts to…

Q: in management accounting strandard cost ： definition . types of strands and cost . benefit .…

A: Management Accounting: In Management  account or managerial account, directors use information in…

Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.