- Bramble Entertainment Corporation Prepared A Master Budget For The Month Of November That Was Based On Sales Of 191 000 1 (56.62 KiB) Viewed 39 times
- Bramble Entertainment Corporation Prepared A Master Budget For The Month Of November That Was Based On Sales Of 191 000 2 (59.36 KiB) Viewed 39 times
Bramble Entertainment Corporation prepared a master budget for the month of November that was based on sales of 191,000 board games. The budgeted income
statement for the period is as follows. Sales Revenue $3,247,000 Variable expenses Direct materials $878,600 Direct labor 458,400 Variable overhead 534,800 Total variable expenses 1,871,800 Contribution margin 1.375,200 Fixed overhead 231,000 Fixed selling and administrative expenses 441,000 Total fixed expenses 672,000 Operating income $703,200 During November, Bramble produced and sold 153,700 board games. Actual results for the month are as follows. Sales Revenue $2,511,900 Variable expenses Direct materials $696,520 Direct labor 354,680 Variable overhead 419.860 Total variable expenses 1,471,060 Contribution margin 1,040,840 Fixed overhead 218,000 Fixed selling and administrative expenses 456,000 Total fixed expenses 674,000 $366,840 Operating income
(a-b) (a) Prepare a flexible budget for November. (Round unit answers to 2 decimal places, eg. 5.25 & all other answers to 0 decimal places, eg. 125.) Unit 153,700 games Sales revenue Variable expenses Direct material Operating income Variable overhead Fixed expenses Selling and administrative Total fixed expenses Total variable expenses Overhead Contribution margin (b Direct labor as > > > $ ¯¯¯ udget variance for November. (Round answers to 0 decimal places, eg. 125. Enter all variance amounts ro, select "Not Applicable and enter O for the amounts) Actual Results Static Budget Variance