omework Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits actual orders for 414,400 units) $ 7,873,600 2,646,400 238,000 1,218,400 876,000 $ 4,978,800 for 370,000 units) $ 7,400,000 2,350,000 218,000 1,082,000 786,000 $ 4,436,000 $ 2,894,800 $ 2,964,000 1,632,000 556,600 372,000 $ 2,560,600 $ 334,200 1,660,000 540,000 405,000 $ 2,605,000 $ 359,000 Required: Saved Prepare a profit variance analysis for Fournier Fixtures Note: Do not round intermediate calculations. 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. Fournier Fixtures Profit Variance Analysis Sales revenue Variable costs: Materials Manufacturing Actual Variances $ 7,873,600 Marketing and Administrative Sales Price Variance Variances $ 414,400 U Flexible Budget $ 8,288,000 $ Sales Activity Variance Master Budget 888,000 F $ 7,400,000 2,646,400 $ 14,400 U 2,632,000 282,000 U Direct labor 238,000 6,160 F 244,160 26,160 U 2,350,000 218,000 Variable overhead 1,218,400 6,560 U Variable marketing and administrative 876,000 4,320 F 1,211,840 880,320 129,840 U Total variable costs $ 4,978,800 2 Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profits $ 2,894,800 Խ $ 4,968,320 $ $ 3,319,680 s 94,320 U 532,320 U 355,680 F 1,082,000 786,000 1,632,000 28,000 F 556,600 16,600 U 372,000 33,000 F 2,560,600 $ 28,000 F $ 16,400 F 1,660,000 540,000 405,000 $ 2,605,000 $ 4,436,000 $2,964,000 1,660,000 540,000 405,000 $ 2,605,000 334,200 F บ 714,680 $ 355,680 F $ 359,000
omework Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits actual orders for 414,400 units) $ 7,873,600 2,646,400 238,000 1,218,400 876,000 $ 4,978,800 for 370,000 units) $ 7,400,000 2,350,000 218,000 1,082,000 786,000 $ 4,436,000 $ 2,894,800 $ 2,964,000 1,632,000 556,600 372,000 $ 2,560,600 $ 334,200 1,660,000 540,000 405,000 $ 2,605,000 $ 359,000 Required: Saved Prepare a profit variance analysis for Fournier Fixtures Note: Do not round intermediate calculations. 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. Fournier Fixtures Profit Variance Analysis Sales revenue Variable costs: Materials Manufacturing Actual Variances $ 7,873,600 Marketing and Administrative Sales Price Variance Variances $ 414,400 U Flexible Budget $ 8,288,000 $ Sales Activity Variance Master Budget 888,000 F $ 7,400,000 2,646,400 $ 14,400 U 2,632,000 282,000 U Direct labor 238,000 6,160 F 244,160 26,160 U 2,350,000 218,000 Variable overhead 1,218,400 6,560 U Variable marketing and administrative 876,000 4,320 F 1,211,840 880,320 129,840 U Total variable costs $ 4,978,800 2 Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profits $ 2,894,800 Խ $ 4,968,320 $ $ 3,319,680 s 94,320 U 532,320 U 355,680 F 1,082,000 786,000 1,632,000 28,000 F 556,600 16,600 U 372,000 33,000 F 2,560,600 $ 28,000 F $ 16,400 F 1,660,000 540,000 405,000 $ 2,605,000 $ 4,436,000 $2,964,000 1,660,000 540,000 405,000 $ 2,605,000 334,200 F บ 714,680 $ 355,680 F $ 359,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:omework
Saved
Sales revenue
Less
Variable costs
Materials
Direct labor
Variable overhead
Variable marketing and administrative
Total variable costs
Contribution margin
Less
Fixed costs
Manufacturing overhead
Marketing
Administrative
Total fixed costs
Operating profits
Required:
Prepare a profit variance analysis for Fournier Fixtures
actual orders for
414,400 units)
$ 7,873,600
2,646,400
238,000
1,218,400
876,000
$ 4,978,800
$ 2,894,800
1,632,000
556,600
372,000
$ 2,560,600
$ 334,200
for 370,000
units)
$ 7,400,000
2,350,000
218,000
1,082,000
786,000
$ 4,436,000
$ 2,964,000
1,660,000
540,000
405,000
$ 2,605,000
$ 359,000
Note: Do not round intermediate calculations. 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.
Fournier Fixtures
Profit Variance Analysis
Manufacturing
Actual
Marketing and
Administrative
Sales Price Variance
Variances
Variances
Sales revenue
Variable costs:
Materials
$
7,873,600
$
414,400 U
Flexible
Budget
$$ 8,288,000 $
Sales Activity Variance
Master
Budget
888,000
$ 7,400,000
2,646,400 $
14,400 U
Direct labor
238,000
6,160 F
2,632,000
244,160
282,000 U
26,160 U
Variable overhead
1,218,400
6,560 U
Variable marketing and administrative
876,000
$
4,320 F
1,211,840
880,320
Total variable costs
$
4,978,800
2
$ 4,968,320 $
Administrative
Contribution margin
Fixed costs:
Manufacturing overhead
Marketing
Total fixed costs
$
2,894,800
2
խ
$ 3,319,680
$
129,840 U
94,320 U
532,320 U
355,680
2,350,000
218,000
1,082,000
786,000
$ 4,436,000
$ 2,964,000
1,632,000
28,000 F
1,660,000
556,600
16,600 U
372,000
33,000 F
540,000
405,000
$
2,560,600 $
28,000 F
$
16,400 F
$
334,200
2
$ 2,605,000
$
714,680 $
355,680 F
$
359,000
1,660,000
540,000
405,000
$ 2,605,000
Operating profits
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