ACC 241 Uses of Accounting Information II (1) Zach Walden & | 12/03/213:57 PM | E Homework: HW #10 - Chapter 11 = Question 1, S10-13 (simi... Part 1 of 2 HW Score: 0%, 0 of 10 points O Points: 0 of 1 0 0 Save The following table contains a hypothetical partial master budget performance report for Amazing F (Click the icon to view the partial master budget performance report) - X Data table Inter in a Fill in the missing amounts. Be sure to indicate whether variances are favorable (F) or unfavorable "0". A variance of zero is considered favorable.) A B C D E F Amazing Fudge Company Flexible Budget Performance Report: Sales and Operating Exper For Year Ended December 31 Master Budget Flexible Flexible Budget Variance Actual Budget Volur 12,600 $ 403,200 1. Amazing Fudge Company 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Year Ended December 31 Flexible Budget Flexible Volume 4 Actual Variance Budget Variance 5 Sales volume (number of cases sold) 13,500 13,500 6 Sales revenue (S32 per case) $ 427,200 S 432.000 7 Less variable expenses: 8 Sales expense ($1 per case sold) $ 11,100 S 13,500 9 Shipping expenso ($3 per case sold) 38.600 40,500 10 Contribution margin 377.500 378,000 11 Less fixed expenses: 12 Salaries 11,700 10,300 Sales volume (number of cases sold) 13,500 13,500 $ S 427,200 $ 432,000 12,600 37,8001 352,800 Sales revenue (S32 per case) Less variable expenses: Sales expense (51 per case sold) Shipping expense ($3 per case sold) Contribution margin $ $ 13,500 11.100 38.600 40,500 10,300 377,500 378,000 13 Office rent 1,500 1.500 1.500 14 Operating income $ 364,300 S 366,200 S $ 341,000 Print Done Help me solve this Video Get more help Clear all Check answer ACC 241 Uses of Accounting Information II (1) Zach Walden & 12/03/213:57 PM | = E Homework: HW #10 - Chapter 11 Question 1, S10-13 (simi... Part 1 of 2 HW Score: 0%, 0 of 10 points Points: 0 of 1 Save The following table contains a hypothetical partial master budget performance report for Amazing Fudge Company. Click the icon to view the partial master budget performance report) Fill in the missing amounts. Be sure to indicate whether variances are 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.) Amazing Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Flexible Budget Variance Flexible Budget Actual Volume Variance Master Budget Sales volume (number of cases sold) 13,500 13,500 12,600 S 427,200 $ 432,000 S 403,200 Sales revenue (S32 per case) Less variable expenses: Sales expense (51 per case sold) Shipping expense ($3 per case sold) Contribution margin $ 11.100 $ 13,500 S 12,600 38,600 40.500 37,800 377,500 378,000 352,800 Help me solve this Video Get more help Clear all Check
