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ASAP!! Please make sure the answer is not cropped. thank you. Campbell Publications established the following standard price and costs for a hardcover picture book
ASAP!! Please make sure the answer is not cropped. thank you.
Campbell Publications established the following standard price and costs for a hardcover picture book that the company produces Standard price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs Planned fixed cost Manufacturing overhead Selling, general, and administrative $36.70 11.40 4.30 6.10 6.30 $132,000 50,000 Campbell planned to make and sell 30,000 copies of the book. Required: a.-d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements, assuming production volumes of 29,000 and 31,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 31,000 units. Indicate whether the variances are favorable (F) or unfavorable (U) (Select "None" if there is no effect file, zero variance).) Volume Variances Master Budget 30,000 Flexible Budgets 29.000 31.000 Number of units Variable manufacturing costs 0 + Fixed costs $ 0 $ 0 $ 0 Step by Step Solution
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