The fixed budget for 21,100 units of production shows sales of $611,900; variable costs of $63,300, and fixed costs of $143,000 The company's actual sales were 27100 units at $742,900. Actual variable costs were $113,000 and actual fixed costs were $135,000 Prepare a flexible budget performance report Indicate whether each variance is favorable or unfavorable (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Contribution margin Flexible Budget Performance Report Flexible Budget Actual Results Variances Favorable/ Unfavorable
The fixed budget for 21,100 units of production shows sales of $611,900; variable costs of $63,300, and fixed costs of $143,000 The company's actual sales were 27100 units at $742,900. Actual variable costs were $113,000 and actual fixed costs were $135,000 Prepare a flexible budget performance report Indicate whether each variance is favorable or unfavorable (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Contribution margin Flexible Budget Performance Report Flexible Budget Actual Results Variances Favorable/ Unfavorable
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead
Section: Chapter Questions
Problem 19E: The normal capacity of a manufacturing plant is 30,000 direct labor hours or 20,000 units per month....
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