Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8,100 cases og $ Budgeted sales in cases ....... Packaging cost per case ....... Shipping expense per case Sales commission expense Salaries expense ............ Office

image text in transcribedimage text in transcribedimage text in transcribed

8,100 cases og $ Budgeted sales in cases ....... Packaging cost per case ....... Shipping expense per case Sales commission expense Salaries expense ............ Office rent ................. Depreciation ....... Insurance expense ........... Office supplies expense ....... 1% of sales price $ 7,000 $ 3,600 $ 2,600 $ 2,400 $ 900 A Packaging cost................... $ Shipping expense................. $ Sales commission expense ....... Salaries expense ............... Office rent .................. Depreciation Insurance expense Office supplies expense . . . . . . . . . . $ 43,700 34,900 3,092 8,500 3,600 2,600 1,600 1,400 A A ............. Boston Muffins sells its muffins to restaurants and coffee houses for an average selling price of $35 per case. The following information relates to the budget for Boston Muffins for this year (all figures are annual totals unless otherwise noted): (Click the icon to view the budget information.) During the year, Boston Muffins actually sold 8,600 cases, resulting in total sales revenue of $309,200. Actual expenses (in total) from this year are as follows: Click the icon to view the actual expenses.) Requirement Construct a flexible budget performance report for Boston Muffins for the year. Be sure to indicate 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.) Boston Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume 8,600 cases Variance 8,600 cases Variance Master Budget 8,100 cases Sales revenue ($35 per case)

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

Preliminary Audit Results Montanas State Employee Compensation 1990

Authors: Waters Consulting Group, Montana. State Employee Compensation Committee

1st Edition

1378152700, 978-1378152706

More Books

Students also viewed these Accounting questions