The following data are available for the most recent year of operations for Prest Products. The revenue portion of the sales activity variance is $225,000 U. Master budget based on budgeted sales of 45,000 units: Revenue Materials Labor Variable manufacturing overhead and administrative costs Fixed manufacturing overhead and administrative costs Required: a. How many units were actually sold in the most recent period? b.Prepare a sales activity variance for the most recent year for Prest Products. Complete this question by entering your answers in the tabs below. Required A $1,500,000 510,000 375,000 75,000 180,000 Required B Prepare a sales activity variance for the most recent year for Prest Products. (Indicate the effect of each variance by solocting "F" for favorable or "II" for unfavorable. If there is no offect do not solert oither option

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Please help me with show all calculation thanku
The following data are available for the most recent year of operations for Prest Products. The revenue portion of the sales
activity variance is $225,000 U.
Master budget based on budgeted sales of 45,000 units:
Revenue
Variable manufacturing overhead and administrative costs
Fixed manufacturing overhead and administrative costs
Required:
a. How many units were actually sold in the most recent period?
b.Prepare a sales activity variance for the most recent year for Prest Products.
Complete this question by entering your answers in the tabs below.
Required A
Prest Products
Sales Activity Variance
Sales revenue
Variable costs:
Materials
Materials.
Labor
Direct
Required B
Prepare a sales activity variance for the most recent year for Prest Products. (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.)
Variable manufacturing and administrative
Total variable costs
Contribution margin
Operating profits
Fixed costs:
Manufacturing overhead and administrative
Total fixed costs
$1,500,000
$0
$0
510,000
$0
375,000
75,000
180,000
Flexible Budget Sales Activity Variance Master Budget
$0
$0
$0
Transcribed Image Text:The following data are available for the most recent year of operations for Prest Products. The revenue portion of the sales activity variance is $225,000 U. Master budget based on budgeted sales of 45,000 units: Revenue Variable manufacturing overhead and administrative costs Fixed manufacturing overhead and administrative costs Required: a. How many units were actually sold in the most recent period? b.Prepare a sales activity variance for the most recent year for Prest Products. Complete this question by entering your answers in the tabs below. Required A Prest Products Sales Activity Variance Sales revenue Variable costs: Materials Materials. Labor Direct Required B Prepare a sales activity variance for the most recent year for Prest Products. (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.) Variable manufacturing and administrative Total variable costs Contribution margin Operating profits Fixed costs: Manufacturing overhead and administrative Total fixed costs $1,500,000 $0 $0 510,000 $0 375,000 75,000 180,000 Flexible Budget Sales Activity Variance Master Budget $0 $0 $0
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