**Exercise 16-31 (Algo) Sales Activity Variance (LO 16-3)**Selected data for October for Rio Vista Company is shown as follows. The variable overhead sales activity variance is $3,750 F.**Flexible budget based on actual sales of 13,600 units:**- Revenue: $121,635 - Materials: $43,350 - Labor: $33,150 - Variable overhead: $21,250 - Fixed costs (manufacturing and administrative): $17,200 **Required:**a. How many units were budgeted for October in the master budget? b. Recreate the master budget for October.*Complete this question by entering your answers in the tabs below.*- **Required A** How many units were budgeted for October in the master budget? (Do not round intermediate calculations.) Budgeted sales: [input box] units- **Required B** [Navigation buttons] - Prev - Next

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Description: **Exercise 16-31 (Algo) Sales Activity Variance (LO 16-3)**Selected data for October for Rio Vista Company is shown as follows. The variable overhead sales activity variance is $3,750 F.**Flexible budget based on actual sales of 13,600 units:**- Rev

The question is based on the concept of Cost Accounting.Variable OH as per master budget is 21250 + 3750 = $ 25000 Variable OH as per flexible budget is $ 25000 No. of units = 13600 Overhead cost per unit = $ 21250/13600 = 1.5625 Budgeted Units = $ 25000 / $ 1.5625 = 16000 units Flexible budget(13600 Variance Master Budget (16000) Revenue $ 121635 $ 21465 $ 143100 Material $ 43350 $ 7650 $ 51000 Labour $ 33150 $ 5850 $ 39000 Variable OH $ 21250 $ 3750 $ 25000 Total VC $ 97750 $ 17250 $ 115000 Contribution $ 23885 $ 4215 $ 28100 Fixed Cost Mfg OH $ 17200 $ - $ 17200 Total FC $ 17200 $ - $ 17200 Operating Profits $ 6685 $ 4215 $ 10900

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Selected data for October for Rio Vista Company is shown as follows. The variable overhead sales activity variance is $3,750 F. Flexible budget based on actual sales of 13, 600 units: Revenue Materials Labor $121, 635 43, 350 33, 150 21, 250 17, 200 variable overhead Fixed costs (manufacturing and administrative) Required: a. How many units were budgeted for October in the master budget? b. Recreate the master budget for October. Complete this question by entering your answers in the tabs below.

Selected data for October for Rio Vista Company is shown as follows. The variable overhead sales activity variance is $3,750 F. Flexible budget based on actual sales of 13, 600 units: Revenue Materials Labor $121, 635 43, 350 33, 150 21, 250 17, 200 variable overhead Fixed costs (manufacturing and administrative) Required: a. How many units were budgeted for October in the master budget? b. Recreate the master budget for October. Complete this question by entering your answers in the tabs below.

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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