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Units Sales revenue Less: Variable manufacturing costs Variable marketing and administrative Contribution margin What was James's flexible budget sales revenue for July? 101 Flexible Sales Actual Budget Flexible Activity Master Results Variance Budget Variance Budget ? ? ? 13,000 ? $87,750 P $52,000 $13,000F $3,2500 ? $91,000 ? ? 2,0000 ? ? $4,000F $6,000U ? $105,000 $ 30,000 ?

Units Sales revenue Less: Variable manufacturing costs Variable marketing and administrative Contribution margin What was James's flexible budget sales revenue for July? 101 Flexible Sales Actual Budget Flexible Activity Master Results Variance Budget Variance Budget ? ? ? 13,000 ? $87,750 P $52,000 $13,000F $3,2500 ? $91,000 ? ? 2,0000 ? ? $4,000F $6,000U ? $105,000 $ 30,000 ?

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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James ring has the following information available for July: Units Sales revenue Less: Variable manufacturing costs Variable marketing and administrative Contribution margin What was James's flexible budget sales revenue for July? Multiple Choice $180,000. $139,000 Flexible Sales Budget Flexible Activity Actual Results Variance Budget Variance 13,000 ? 2,000U P $87,750 ? $52,000 $13,000F $3,250U ? $91,000 ? ? P $4,000F $6,000U Jby Master Budget ? ? $105,000 $ 30,000
Transcribed Image Text:James ring has the following information available for July: Units Sales revenue Less: Variable manufacturing costs Variable marketing and administrative Contribution margin What was James's flexible budget sales revenue for July? Multiple Choice $180,000. $139,000 Flexible Sales Budget Flexible Activity Actual Results Variance Budget Variance 13,000 ? 2,000U P $87,750 ? $52,000 $13,000F $3,250U ? $91,000 ? ? P $4,000F $6,000U Jby Master Budget ? ? $105,000 $ 30,000
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