ACG 3343

Exercise 16-26 (Algo) Flexible Budgeting (LO 16-2) The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 350,000 units with revenues of $3,500,000. Total variable costs were budgeted at $2,100,000 and fixed costs at $1,025,000. During the period, actual production and actual sales were 330,000 units. The actual revenues were $3,465,000. Actual variable costs were $21,50 per unit. Actual fixed costs were $1,055,000. Required: Prepare a flexible budget for Cherrylawn Corporation. Exercise 16-27 (Algo) Sales Activity Variance (LO 16-3) The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 300,000 units with revenues of $3,300,000. Total variable costs were budgeted at $2,100,000 and fixed costs at $975,000. During the period, actual production and actual sales were 280,000 units. The actual revenues were $3,450,000. Actual variable costs were $11.50 per unit. Actual fixed costs were $1,005,000. Required: Prepare a sales activity variance analysis. Note: Indicate the effect of each variance by selecting "F" for favorable, or " U " for unfavorable. If there is no effect, do not select either option. The master budget at Cherrylawn Corporation at the beginning of the year was based on soles of 275,500 units with revenues of $3,306,000. Totat variable costs were budgeted at $1,928,500 and fixed costs at $952,000. During the period, actual production and actual sales were 255,100 units, The actual revenues were $3,443,000. Actual variable costs were $6.45 per unit. Actual fixed costs were $982,000 Required: Prepare a profit variance analysis. Note: Indicate the effect of each variance by selecting "F" for favorable, or " U " for unfavorable. If there is no effect, do not select either option. The standard direct material cost per unit for Willis Group was $180 ( =$45 per galion 4 gallons per unit). During the period, actual direct materials costs amounted to $2,406,390, materials used totaled 55,510 gallons, and 13,340 units were produced. Required: Compute the direct materials price and efficiency variances for the period. Note: Indicate the effect of each variance by selecting " F " for favorable, or " U " for unfavorable. If there is no effect, do not select either option. Information on Grixdale Partner's fixed overhead costs follows: Required: What are the fixed overhead price and production volume variances? Note: Indicate the effect of each variance by selecting "F" for favorable, or " U " for unfavorable. If there is no effect, do not select either option. Exercise 16-26 (Algo) Flexible Budgeting (LO 16-2) The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 350,000 units with revenues of $3,500,000. Total variable costs were budgeted at $2,100,000 and fixed costs at $1,025,000. During the period, actual production and actual sales were 330,000 units. The actual revenues were $3,465,000. Actual variable costs were $21,50 per unit. Actual fixed costs were $1,055,000. Required: Prepare a flexible budget for Cherrylawn Corporation. Exercise 16-27 (Algo) Sales Activity Variance (LO 16-3) The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 300,000 units with revenues of $3,300,000. Total variable costs were budgeted at $2,100,000 and fixed costs at $975,000. During the period, actual production and actual sales were 280,000 units. The actual revenues were $3,450,000. Actual variable costs were $11.50 per unit. Actual fixed costs were $1,005,000. Required: Prepare a sales activity variance analysis. Note: Indicate the effect of each variance by selecting "F" for favorable, or " U " for unfavorable. If there is no effect, do not select either option. The master budget at Cherrylawn Corporation at the beginning of the year was based on soles of 275,500 units with revenues of $3,306,000. Totat variable costs were budgeted at $1,928,500 and fixed costs at $952,000. During the period, actual production and actual sales were 255,100 units, The actual revenues were $3,443,000. Actual variable costs were $6.45 per unit. Actual fixed costs were $982,000 Required: Prepare a profit variance analysis. Note: Indicate the effect of each variance by selecting "F" for favorable, or " U " for unfavorable. If there is no effect, do not select either option. The standard direct material cost per unit for Willis Group was $180 ( =$45 per galion 4 gallons per unit). During the period, actual direct materials costs amounted to $2,406,390, materials used totaled 55,510 gallons, and 13,340 units were produced. Required: Compute the direct materials price and efficiency variances for the period. Note: Indicate the effect of each variance by selecting " F " for favorable, or " U " for unfavorable. If there is no effect, do not select either option. Information on Grixdale Partner's fixed overhead costs follows: Required: What are the fixed overhead price and production volume variances? Note: Indicate the effect of each variance by selecting "F" for favorable, or " U " for unfavorable. If there is no effect, do not select either option