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Required: Prepare a profit 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 S $ Actual 0 Manufacturing Variances Monroe Manufacturing Profit Variance Analysis Sales Price Variance Flexible Budget $ $ 0 Sales Activity Variance Master Budget $ $ 0

Required: Prepare a profit 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 S $ Actual 0 Manufacturing Variances Monroe Manufacturing Profit Variance Analysis Sales Price Variance Flexible Budget $ $ 0 Sales Activity Variance Master Budget $ $ 0

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 2CMA: Marten Company has a cost-benefit policy to investigate any variance that is greater than 1,000 or...
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The master budget at Monroe Manufacturing last period called for sales of 42,600 units at $48 each. The costs were estimated to be $32 variable per unit and $530,000 fixed. During the period, actual production and actual sales were 45,600 units. The selling price was $47 per unit. Variable costs were $34 per unit. Actual fixed costs were $521,000. Required: Prepare a profit 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 S $ Actual 0 01 Monroe Manufacturing Profit Variance Analysis Manufacturing Variances Sales Price Variance Flexible Budget $ 0 Sales Activity Variance Master Budget $ $ 0 0
Transcribed Image Text:The master budget at Monroe Manufacturing last period called for sales of 42,600 units at $48 each. The costs were estimated to be $32 variable per unit and $530,000 fixed. During the period, actual production and actual sales were 45,600 units. The selling price was $47 per unit. Variable costs were $34 per unit. Actual fixed costs were $521,000. Required: Prepare a profit 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 S $ Actual 0 01 Monroe Manufacturing Profit Variance Analysis Manufacturing Variances Sales Price Variance Flexible Budget $ 0 Sales Activity Variance Master Budget $ $ 0 0
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