Requirement 1. Complete the responsibility report for this subunit. Snow-Subunit X Actual Flexible Budget Flexible Sales Volume Static Revenue by Product Results Variance Budget Variance Budget Downhill-RI $ 320.000 19.000 F 200,000 Downhill-RII 152.000 160.000 144.000 Cross-EXI 281.000 4.000 U 285,000 300,000 Cross-EXII 254.000 248.000 19.500 U 207.500 430.000 5,000- 406.000 Snow-LXI 1.437,000 1.413,500 Total Requirement 2. Based on the data presented what type of responsibility center is this subunit? Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $11,000? (If an input field is not used, leave the input field(s) empty. Do not select a label.) Using the flexible budget variance as a guide, the following items will be investigated: - X Data Table Snow-Subunit X Revenue by Product Actual Results Flexible Budget Variance Flexible Sales Volume Static Budget Variance Budget Downhill-RI 320,000 (a) (b) 19,000 F $ 296,000

Requirement 1. Complete the responsibility report for this subunit. Snow-Subunit X Actual Flexible Budget Flexible Sales Volume Static Revenue by Product Results Variance Budget Variance Budget Downhill-RI $ 320.000 19.000 F 200,000 Downhill-RII 152.000 160.000 144.000 Cross-EXI 281.000 4.000 U 285,000 300,000 Cross-EXII 254.000 248.000 19.500 U 207.500 430.000 5,000- 406.000 Snow-LXI 1.437,000 1.413,500 Total Requirement 2. Based on the data presented what type of responsibility center is this subunit? Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $11,000? (If an input field is not used, leave the input field(s) empty. Do not select a label.) Using the flexible budget variance as a guide, the following items will be investigated: - X Data Table Snow-Subunit X Revenue by Product Actual Results Flexible Budget Variance Flexible Sales Volume Static Budget Variance Budget Downhill-RI 320,000 (a) (b) 19,000 F $ 296,000

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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Time left 0:15 Budgeted sales is 60,000 units. Target ending inventory is 15,000 units, and Beginning inventory is 10,000 units. Whats the budgeted purchase units? O a. 65,000 units O b. 75,000 units O C. 55,000 units O d. 60,000 units Next glige NEXT ACTIVITY >> US ACTIVITY 1: Introduction to Management Accounting Chapter 2: Variance analysis Jump to.
Payable is a batch level activities Static Budget 1000000 S $2,90 $100000 Activities Number of deliveries Batch size interm of deliveries Variable cost per batch Fixed O.H cost 1. Flexible Budget variance 2. Spending variance for var. 3. Efficiency variance for var. 4. Spending fixed cost variance. 5.Production volume Actual 948000 4,466 2,80 $90000
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Please dont give answers in an image format thank you Exercise 21-6 (Static) Preparing flexible budget performance report LO P1 Lewis Company reports the following fixed budget and actual results for May. Prepare a flexible budget performance report showing variances between budgeted and actual results. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Fixed Budgeted Actual Results Sales (units produced and sold) 1,200 1,400 Sales (in dollars) $ 300 per unit $ 435,000 Variable costs $ 120 per unit $ 172,000 Fixed costs $ 125,000 $ 122,000
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Question 2 : a company produces chemicals for large biotech companies. It has the following data fo manufacturing overhead costs during August 2017 Variable $35,000 Fixed $16,500 Actual costs incurred Costs allocated to products Flexible budget Actual input x budgeted rate 36,000 15,200 16,000 31,500 Fill in the blanks. Use F for favorable and U for unfavorable: Variable Fixed (1) Spending variance (2) Efficiency variance (3) Production-volume variance (4) Flexible-budget variance (5) Underallocated (overallocated) manufacturing overhead
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! Required information [The following information applies to the questions displayed below.] The fixed budget for 21,300 units of production shows sales of $617,700; variable costs of $63,900; and fixed costs of $143,000. If the company actually produces and sells 26,800 units, calculate the flexible budget income Sales Variable costs Contribution margin Fixed costs Income ------Flexible Budget------ Variable Amount per Unit $ 0 ▶▶▶ Total Fixed Cost 21,300 units $ ------Flexible Budget at $ 0 0 26,800 units $ $ 0 0