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Sales revenue Variable costs: Materials Direct labor Variable overhead Fournier Fixtures Flexible Budget Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profit $ 0 ᏌᏊ $ 0 EAEA $ 0 $ 0 Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Master Budget (based on Actual (based on budgeted orders actual orders for for 355,000 units) $ 7,100,000 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 flexible budget for Fournier Fixtures. Note: Do not round intermediate calculations. 397,600 units) $ 7,554,400 2,611,600 232,000 1,189,600 864,000 $ 4,897,200 $ 2,657,200 1,578,000 495,400 318,000 $ 2,391,400 $ 265,800 2,320,000 212,000 1,058,000 774,000 $ 4,364,000 $ 2,736,000 1,600,000 480,000 345,000 $ 2,425,000 $ 311,000

Sales revenue Variable costs: Materials Direct labor Variable overhead Fournier Fixtures Flexible Budget Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profit $ 0 ᏌᏊ $ 0 EAEA $ 0 $ 0 Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Master Budget (based on Actual (based on budgeted orders actual orders for for 355,000 units) $ 7,100,000 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 flexible budget for Fournier Fixtures. Note: Do not round intermediate calculations. 397,600 units) $ 7,554,400 2,611,600 232,000 1,189,600 864,000 $ 4,897,200 $ 2,657,200 1,578,000 495,400 318,000 $ 2,391,400 $ 265,800 2,320,000 212,000 1,058,000 774,000 $ 4,364,000 $ 2,736,000 1,600,000 480,000 345,000 $ 2,425,000 $ 311,000

Financial & Managerial Accounting
Financial & Managerial Accounting
13th Edition
ISBN:9781285866307
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter20: Variable Costing For Management Analysis
Section: Chapter Questions
Problem 4DQ: In the variable costing income statement, how are the fixed manufacturing costs reported, and how...
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I need the answer to price variance and efficieny overhead total variance for Variable Overhead

Sales revenue Variable costs: Materials Direct labor Variable overhead Fournier Fixtures Flexible Budget Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profit $ 0 ᏌᏊ $ 0 EAEA $ 0 $ 0
Transcribed Image Text:Sales revenue Variable costs: Materials Direct labor Variable overhead Fournier Fixtures Flexible Budget Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profit $ 0 ᏌᏊ $ 0 EAEA $ 0 $ 0
Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Master Budget (based on Actual (based on budgeted orders actual orders for for 355,000 units) $ 7,100,000 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 flexible budget for Fournier Fixtures. Note: Do not round intermediate calculations. 397,600 units) $ 7,554,400 2,611,600 232,000 1,189,600 864,000 $ 4,897,200 $ 2,657,200 1,578,000 495,400 318,000 $ 2,391,400 $ 265,800 2,320,000 212,000 1,058,000 774,000 $ 4,364,000 $ 2,736,000 1,600,000 480,000 345,000 $ 2,425,000 $ 311,000
Transcribed Image Text:Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Master Budget (based on Actual (based on budgeted orders actual orders for for 355,000 units) $ 7,100,000 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 flexible budget for Fournier Fixtures. Note: Do not round intermediate calculations. 397,600 units) $ 7,554,400 2,611,600 232,000 1,189,600 864,000 $ 4,897,200 $ 2,657,200 1,578,000 495,400 318,000 $ 2,391,400 $ 265,800 2,320,000 212,000 1,058,000 774,000 $ 4,364,000 $ 2,736,000 1,600,000 480,000 345,000 $ 2,425,000 $ 311,000
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