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The following are the actual results for Bentler Associates for the most recent period: 63,360 units Sales volume Sales revenue Variable costs Manufacturing Marketing and administrative Contribution margin Fixed costs Manufacturing Marketing and administrative Operating profit Required: a. Construct the master budget for the period. b. Prepare a profit variance analysis. $ 823,680 190,080 38,550 $ 595,050 The company planned to produce and sell 72,000 units for $12.50 each. At that volume, the contribution margin would have been $648,000. Variable marketing and administrative costs are budgeted at 5 percent of sales revenue. Manufacturing fixed costs are estimated at $5 per unit at the budgeted volume of 72,000 units. Management notes, "We budget an operating profit of $2.50 per unit at the budgeted volume." Required A Required B Construct the master budget for the period. BENTLER ASSOCIATES 371,500 103,450 $ 120,100 Complete this question by entering your answers in the tabs below.

The following are the actual results for Bentler Associates for the most recent period: 63,360 units Sales volume Sales revenue Variable costs Manufacturing Marketing and administrative Contribution margin Fixed costs Manufacturing Marketing and administrative Operating profit Required: a. Construct the master budget for the period. b. Prepare a profit variance analysis. $ 823,680 190,080 38,550 $ 595,050 The company planned to produce and sell 72,000 units for $12.50 each. At that volume, the contribution margin would have been $648,000. Variable marketing and administrative costs are budgeted at 5 percent of sales revenue. Manufacturing fixed costs are estimated at $5 per unit at the budgeted volume of 72,000 units. Management notes, "We budget an operating profit of $2.50 per unit at the budgeted volume." Required A Required B Construct the master budget for the period. BENTLER ASSOCIATES 371,500 103,450 $ 120,100 Complete this question by entering your answers in the tabs below.

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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The following are the actual results for Bentler Associates for the most recent period: 63,360 units Sales volume Sales revenue Variable costs Manufacturing Marketing and administrative Contribution margin Fixed costs Manufacturing Marketing and administrative Operating profit Required: a. Construct the master budget for the period. b. Prepare a profit variance analysis. $ 823,680 The company planned to produce and sell 72,000 units for $12.50 each. At that volume, the contribution margin would have been $648,000. Variable marketing and administrative costs are budgeted at 5 percent of sales revenue. Manufacturing fixed costs are estimated at $5 per unit at the budgeted volume of 72,000 units. Management notes, "We budget an operating profit of $2.50 per unit at the budgeted volume." Required A Required B Construct the master budget for the period. BENTLER ASSOCIATES 190,080 38,550 $ 595,050 371,500 103,450 $ 120,100 Complete this question by entering your answers in the tabs below. & Dear
Transcribed Image Text:The following are the actual results for Bentler Associates for the most recent period: 63,360 units Sales volume Sales revenue Variable costs Manufacturing Marketing and administrative Contribution margin Fixed costs Manufacturing Marketing and administrative Operating profit Required: a. Construct the master budget for the period. b. Prepare a profit variance analysis. $ 823,680 The company planned to produce and sell 72,000 units for $12.50 each. At that volume, the contribution margin would have been $648,000. Variable marketing and administrative costs are budgeted at 5 percent of sales revenue. Manufacturing fixed costs are estimated at $5 per unit at the budgeted volume of 72,000 units. Management notes, "We budget an operating profit of $2.50 per unit at the budgeted volume." Required A Required B Construct the master budget for the period. BENTLER ASSOCIATES 190,080 38,550 $ 595,050 371,500 103,450 $ 120,100 Complete this question by entering your answers in the tabs below. & Dear
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