Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 20,800 units of production shows sales of $540,800; variable costs of $62,400; and fixed costs of $141,000. If the company actually produces and sells 26,200 units, calculate the flexible budget income. Sales Variable costs Contribution margin Fixed costs Fixed costs ------Flexible Budget------ Variable Amount Total Fixed per Unit Cost $ 20 3 17 $ 142,000 ------Flexible Budget at ------ 20,800 units 26,200 units $ $ $ 432,000 $ 64,800 367,200 $ 142,000 225,200 $ 538,000 80,700 457,300 142,000 315,300

Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 20,800 units of production shows sales of $540,800; variable costs of $62,400; and fixed costs of $141,000. If the company actually produces and sells 26,200 units, calculate the flexible budget income. Sales Variable costs Contribution margin Fixed costs Fixed costs ------Flexible Budget------ Variable Amount Total Fixed per Unit Cost $ 20 3 17 $ 142,000 ------Flexible Budget at ------ 20,800 units 26,200 units $ $ $ 432,000 $ 64,800 367,200 $ 142,000 225,200 $ 538,000 80,700 457,300 142,000 315,300

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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Question 4 A). Briefly discuss the difference between traditional costing and activity-based costing ( B). TruValue Company uses flexible budget to control its selling expenses. Monthly sales are expected to range from $170,000 to $200,000. Variable costs and their percentage relationship to sales are sales commission 6%, advertising 4%, traveling 3% and delivery 2%. Fixed selling expenses will consist of sales salaries $35,000, depreciation on delivery equipment $7,000, and insurance on delivery equipment $1,000. The actual selling expenses incurred in March, 2023 are: Variable Expenses Sales commission Advertising Travel Delivery $11,000 6,900 5,100 3,450 Fixed Expenses $35,000 Sales salaries Depreciation Insurance 7,000 1,000 a) Prepare a monthly flexible budget for each $10,000 increment of sales within the relevant range for the year ending December 31, 2023. b) Prepare a flexible budget performance report for March, assuming that March sales were $170,000. c) Comment on the…
Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 20,400 units of production shows sales of $550,800; variable costs of $61,200; and fixed costs of $142,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 26,700 units at $674,900. Actual variable costs were $113,300 and actual fixed costs were $137,000. 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.) Sales Variable costs Contribution margin Fixed costs Income $ Flexible Budget Performance Report Flexible Budget Actual Results 0 0 $ 0 0 Variances Favorable/ Unfavorable Unfavorable Unfavorable Unfavorable Favorable Unfavorable
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Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 21,300 units of production shows sales of $511,200; variable costs of $63,900; and fixed costs of $142,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 26,000 units at $576,000. Actual variable costs were $113,900 and actual fixed costs were $136,000. 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
! Required information [The following information applies to the questions displayed below.] The fixed budget for 21,300 units of production shows sales of $617,700; variable costs of $63,900; and fixed costs of $143,000. If the company actually produces and sells 26,800 units, calculate the flexible budget income Sales Variable costs Contribution margin Fixed costs Income ------Flexible Budget------ Variable Amount per Unit $ 0 ▶▶▶ Total Fixed Cost 21,300 units $ ------Flexible Budget at $ 0 0 26,800 units $ $ 0 0
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Please do not give solution in image format thanku
Required information [The following information applies to the questions displayed below.] The fixed budget for 21,400 units of production shows sales of $470,800; variable costs of $64,200; and fixed costs of $141,000. If the company actually produces and sells 27,000 units, calculate the flexible budget income. ------Flexible Budget------ ------Flexible Budget at ------ Variable Amount Total Fixed 21,400 units 27,000 units per Unit Cost Contribution margin
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4th option: none of the above.
Subject - account Please help me. Thankyou.