Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

archers cost accountant prepare the following static budget based on expected activity of 4000 units for the May 2021 accounting period... need help with parts

archers cost accountant prepare the following static budget based on expected activity of 4000 units for the May 2021 accounting period... need help with parts A through C!! image text in transcribed
image text in transcribed
5. Archer's cost accountant prepared the following static budget based on expected activity of 4,000 units for the May 2021 accounting period: Sales Revenue $64,000 Variable Costs(34,000) Contribution Margin $30,000 Fixed Costs (20,000) Net Income $10,000 a. If Archer's sales manager were to prepare a flexible budget for expected activity of 4,100 units, budgeted net income on this flexible budget would be? b. If Archer actually produced and sold 4,100 units at $21 cach, what is the sales reveng, activity/volume variance? c. If Archer actually incurred the following costs during May 2021: Sales Revenue $86,100 Variable Costs (32.100) b. If Archer actually produced and sold 4.100 units at $21 each, what is the sales revenue istivity vohme varianoe? Footer 4 c. If Archer actually incurred the following costs during May 2021 Sales Revenue 586,100 Variable Costs (3700) Contribution Margin 549.000 Fixed Cont24.000) Net Income $25.000 The flexible budget variance for i Fixed cost IN Variable costs Indicate foorable / unfavorable variances for full credit

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

Financial Accounting

Authors: Robert Libby, Patricia Libby, Frank Hodge

11th Edition

1264229739, 9781264229734

More Books

Students also viewed these Accounting questions