Standard price and variable costs Sales price Materials cost Labor cost Overhead cost. Selling, general, and administrative costs. Planned fixed costs Manufacturing overhead Selling, general, and administrative $ 36.30 8.70 4.10 5.30 6.60 $131,000 46,000 poney planned to make and sell 22,000 copies of the book. equired: - d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statement ssuming production volumes of 21,000 and 23,000 units. Determine the sales and variable cost volume variances, assuming volu actually 23,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e. ero variance).)
Standard price and variable costs Sales price Materials cost Labor cost Overhead cost. Selling, general, and administrative costs. Planned fixed costs Manufacturing overhead Selling, general, and administrative $ 36.30 8.70 4.10 5.30 6.60 $131,000 46,000 poney planned to make and sell 22,000 copies of the book. equired: - d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statement ssuming production volumes of 21,000 and 23,000 units. Determine the sales and variable cost volume variances, assuming volu actually 23,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e. ero variance).)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please do not give solution in image format thanku
Transcribed Image Text:Standard price and variable costs
Sales price
Materials cost
Labor cost
Overhead cost.
Selling, general, and administrative costs
Planned fixed costs.
Manufacturing overhead
Selling, general, and administrative
Number of units
Rooney planned to make and sell 22,000 copies of the book.
Required:
a. - d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements,
assuming production volumes of 21,000 and 23,000 units. Determine the sales and variable cost volume variances, assuming volume
is actually 23,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e.,
zero variance).)
Variable manufacturing costs
$ 36.30
8.70
4.10
5.30
6.60
Fixed costs
$131,000
46,000
Master Budget
22,000
Flexible Budgets
21,000
23,000
Volume Variances
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