Question
Consider the following detailed performance report: Actual FBV Flexible AVV Master/Static Units 13,000 ? ? 2000U ? Sales revenue ? $13,000F ? ? ? V
Consider the following detailed performance report:
|
| Actual | FBV | Flexible | AVV | Master/Static |
| Units | 13,000 | ? | ? | 2000U | ? |
| Sales revenue | ? | $13,000F | ? | ? | ? |
| V manufacturing | $87,750 | ? | $91,000 | ? | $105,000 |
| V mktg+adm | ? | $3,250U | ? | $4,000F | $30,000 |
| Contribution Margin | $52,000 | ? | ? | $6,000U | ? |
Required:
(a) Complete the performance report.
(b) What is the actual sales revenue? __________
(c) What is the sales revenue in the flexible budget? _________
(d) What is the flexible budget contribution margin? _________
(e) What is the master budget sales revenue? _________
(f) What is the master budget contribution margin? _________
(g) What is the activity variance for the variable manufacturing costs? _________
(h) Is the activity variance for the variable manufacturing costs favorable or unfavorable? _________
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