Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

30 complete) HW Score: 75%, 22.5 of 30 pts core: 0 of 7 pts E10-26A (similar to) Question Help Echo Canyon Mutins selisits muffins to

image text in transcribed
image text in transcribed
image text in transcribed
30 complete) HW Score: 75%, 22.5 of 30 pts core: 0 of 7 pts E10-26A (similar to) Question Help Echo Canyon Mutins selisits muffins to restaurants and coffee houses for an average selling price of $27 per case. The following information relates to the budget for Echo Canyon Mutins for this year (all figures are annual totals unless otherwise noted: Clothevoon to view the budget information) During the year, Echo Canyon Mutins actually sold 7,500 cases, resulting in total sales revenue of $209,000. Actual expenses in total from this year are as follows (Click the icon to view the actual expenses.) Requirement Construct a feble budget performance report for Echo Canyon Mutins for the year. Be sure to indicate whether each variance is favorable For unfavorable U nor the variances as positive numbers. Label each variance as favorable (F) or unfavorable (U). the variance is make sure to enter in a Avenance of zeros considered favorable) Echo Canyon Muffins Data Table Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 8.100 Flexible Budget Variance Flexible Budget 7.500 cases Volume Variance Master Budget 7,300 cases Packaging cost Shipping expense Sales commission expenso Salaries expense $ 10.630 7.500 cases Sales revenue 1527 percase 6.900 3.900 3200 1.200 Depreciation Insurance expense Office Supplies Expo 1.300 Choose from any stor enter any number in the input helds and then cick Cho Answer Check Answer 1 Poup Pgon Del Backspace PWER rulo whether each variance is favorable (F) or unfavorable (U). (Enter the variances as positive numbers Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) les revenue of Data Table * Data Table -X 7,300 cases 8.100 Packaging cost Shipping expense Sales commission expense Salaries expense 5% of sales price Budgeted sales in cases ........ Packaging cost per case ....... Shipping expense per case..... Sales commission expense ... Salaries expense Officerent Depreciation Insurance expense Office supplies expense 6.100 Office rent 25.100 10,490 6.900 3,900 3,200 1.200 1300 $ 3.900 Depreciation 3.200 Insurance expense. 1.700 Office supplies expense 1.200 Print Done Print Done Check Answer Clear All Check Answer PrtScn Home End PgUp PgOn Bac H 3 of 6 (5 complete) HW Score: 75%, 22.5 of 3 Score: 0 of 7 pts E10-26A (similar to) Question Help Echo Canyon Muffins sells its muffins to restaurants and coffee houses for an average selling price of $27 per case. The following Information temes to the budget for Echo Canyon Muffins for this year (all figures are n a toals unless otherwise noted): Click the icon to view the budget information) During the year, Echo Canyon Muffins actually sold 7.500 cases, resulting in total sales revenue of $200.00. Actual expenses in total from this year we as follows: Click the icon to view the actual expenses.) Requirement Construct a flexible budget performance report for Echo Canyon Martins for the year. Be sure to indicate whether each variance is favorable (F) or unfavorable (U) Enter the variances as poslove numbers Label each variance as favorable (For unfavorable (U). If the variance is make sure to enter in Aviano of zeros considered favorable) Echo Canyon Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume 7.500 cases 7.500 cases Variance Budget 7.300 cases Se revenge lids and then click Check e r 27/2020 Poup Putsch og Backspace od

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting The Basis For Business Decisions

Authors: Robert F. Meigs, Mary A. Meigs, Mark Bettner, Ray Whittington

10th Edition

0070433607, 978-0070433601

More Books

Students also viewed these Accounting questions

Question

When do you think a hiring decision will be made?

Answered: 1 week ago

Question

In what context did the study and teaching of communication begin?

Answered: 1 week ago