- The Following Information Is Available For Brownstone Products Company For The Month Of July Master Units Actual Budget 1 (54.11 KiB) Viewed 59 times
- The Following Information Is Available For Brownstone Products Company For The Month Of July Master Units Actual Budget 2 (70.04 KiB) Viewed 59 times
- The Following Information Is Available For Brownstone Products Company For The Month Of July Master Units Actual Budget 3 (78.36 KiB) Viewed 59 times
The following information is available for Brownstone Products Company for the month of July. Master Units Actual Budget Sales revenue 3,900 3,200 Variable manufacturing costs $ 55,800 $ 60, eee Fixed manufacturing costs 10,988 16,90 12,800 Variable selling and administrative expenses 13,800 Fixed selling and administrative expenses 7,480 8,000 8,800 10,450 Required: 1. What was the master budget variance for July? Was this variance favorable or unfavorable? 2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income 4. Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget for each of the following two output levels: a. 3.940 units b. 4.340 units Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. (Indicate the effect of each variance by selecting 'F for Favorable. "U" for Unfavorable, and "None" for no effect (i.e., zero variance).) Flexible-Budget Variance Sales Volume Variance Contribution margin Operating income < Required 1 Required 4 >
The following information is available for Brownstone Products Company for the month of July. Master Actual Units Budget Sales revenue 3,900 3,200 Variable manufacturing costs $ 55,800 $ 60,00 Fixed manufacturing costs le, 90e 16,00 Variable selling and administrative expenses 12,800 13,800 7,400 Fixed selling and administrative expenses 8,000 8.800 18,450 Required: 1. What was the master budget variance for July? Was this variance favorable or unfavorable? 2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. 4. Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget for each of the following two output levels: a. 3,940 units b. 4,340 units Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a feble budget for each of the following two output levels a. 3,940 units. b. 4,340 units. Show less Flexible budget Flexible budget (1) Master Budget 3.200 $ 00.000 Units Sales Variable cost Manufacturing Selling and administrative Total variable costs Contribution margin Forced costs Manufacturing Selling and administrative Total fixed costs Operating income 10.000 8.000 24 000 20.000 5 5 13,300 10.450 24.250 11.750 5 5 Round 2