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all one question, PLEASE answer and show work to understand! will give thumbs up if fully answered! (cost accounting) The Putnam Company produces engine parts
all one question, PLEASE answer and show work to understand! will give thumbs up if fully answered! (cost accounting)
The Putnam Company produces engine parts for car manufacturers A new accountant vetem at Putnam has booketaly deleted the company's variance analyse calculations for the year ended December 31, 2020. The following table is what remains of the data Click the icon to view the data) Read the requirements Requirement 1. Calculator at the required varano. your work is accurate, you will find that the follow ico. Budpol variance $0) Begin with the textile budget columns, then the wes van column Labelcach arance vor fore() or with a 50 molecure to enter the appropriate fuld the varios pero do retabel Round your awesomewhere Actual Flexible-udget Flexible Results Variance Budget Un sold 105.000 Rovencesses 5 072.000 Variato 40.000 Contribution man 242.000 Ints.0.20 of 1 Data table the Performance Report, Year Ended December 31, 2020 Actual Flexible-Budget Sales-Volume Results Variances Flexible Budget Variances 105,000 Static Budget 94,000 Units sold Revenues (sales) $ $ 672,000 430,000 385,400 225,600 sure Variable costs Contribution margin 242,000 202.200 39,800 159,800 120,000 Fixed costs s $ 39,800 Operating income Print Done - X Requirements $0 bal 1. Calculate all the required variances. (If your work is accurate, you will find that the total static-budget variance is $0.) 2. What are the actual and budgeted selling prices? What are the actual and budgeted variable costs per unit? 3. Review the variances you have calculated and discuss possible causes and potential problems. What is the important lesson learned here? ce Print Done The Putnam Company produce engine perstore manufacturers, Anew accountant intern at Puteam has nochdertaly Colored the companys variance analysis calculations for the yow ended December 31 Im Click the loon to view the data table is what remains of data Read the China Begin with the flexible boot columns, then the sales volume variance column. Labelcach variance as favorable For ustvovable for variances with 50 balsas, make sure to see on the appropriate field. If the varunce is zero do a select a tabet. Found your answers the same wide colar Actual Flexible-Budget Flexible Results Variance Budget Units sold 105.000 Rovanos) 672.000 Variable costs 430.000 Coiribbon margin 242.000 202.200 Fixed cost 5 39.00 Operating income 5 Check ADAWET Step by Step Solution
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