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Selected data for October for Rio Vista Company is shown as follows. The variable overhead sales activity variance is $6,000 F. Flexible budget based on actual sales of 13,600 units: Revenue Materials Labor 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. $129,200 47,600 26,900 34,000 13,000 Complete this question by entering your answers in the tabs below. Required A Required B

Selected data for October for Rio Vista Company is shown as follows. The variable overhead sales activity variance is $6,000 F. Flexible budget based on actual sales of 13,600 units: Revenue Materials Labor 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. $129,200 47,600 26,900 34,000 13,000 Complete this question by entering your answers in the tabs below. Required A Required B

FINANCIAL ACCOUNTING
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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Complete this question by entering your answers in the tabs below. Required A Required B Recreate the master budget for October. (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.) Sales revenue Variable costs: Materials Direct labor Variable overhead Total variable costs Contribution margin RIO VISTA COMPANY Sales Activity Variance Fixed costs: Manufacturing overhead and administrative Total fixed costs Operating profits Flexible Budget $ $ $ < Required A 0 0 0 Sales Activity Master Budget Variance Required $ $ $ 10 0 0
Transcribed Image Text:Complete this question by entering your answers in the tabs below. Required A Required B Recreate the master budget for October. (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.) Sales revenue Variable costs: Materials Direct labor Variable overhead Total variable costs Contribution margin RIO VISTA COMPANY Sales Activity Variance Fixed costs: Manufacturing overhead and administrative Total fixed costs Operating profits Flexible Budget $ $ $ < Required A 0 0 0 Sales Activity Master Budget Variance Required $ $ $ 10 0 0
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 $6,000 F. Flexible budget based on actual sales of 13,600 units: Revenue Materials Labor 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. $129,200 47,600 28,900 34,000 13,000 Complete this question by entering your answers in the tabs below. Required A Required B How many units were budgeted for October in the master budget? (Do not round intermediate calculations.) Budgeted sales units Required A Required B >
Transcribed Image Text: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 $6,000 F. Flexible budget based on actual sales of 13,600 units: Revenue Materials Labor 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. $129,200 47,600 28,900 34,000 13,000 Complete this question by entering your answers in the tabs below. Required A Required B How many units were budgeted for October in the master budget? (Do not round intermediate calculations.) Budgeted sales units Required A Required B >
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