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For Cost Accounting, Apple Hilly Farms Master Budget, complete part B. Apple Hilly Farms Budget Analysis a. Prepare Master Budget for September Master Budget Sales
For Cost Accounting, Apple Hilly Farms Master Budget, complete part B.
| Apple Hilly Farms | |||||||||||
| Budget Analysis | |||||||||||
| a. Prepare Master Budget for September | |||||||||||
| Master Budget | |||||||||||
| Sales volume (in units) | 17,750 | ||||||||||
| Sales revenue | $ 204,000.00 | ||||||||||
| Variable costs: | |||||||||||
| Manufacturing | $ 81,625.00 | ||||||||||
| Marketing and admin | $ 15,125.00 | ||||||||||
| Contribution margin | $ 66,500.00 | ||||||||||
| Fixed costs: | |||||||||||
| Manufacturing | $ 18,000.00 | ||||||||||
| Marketing and admin | $ 5,000.00 | ||||||||||
| Operating profit | $ 43,500.00 | ||||||||||
| b. Calculate Variance Analysis between Actual vs. Flexible Budget vs. Master Budget | |||||||||||
| Actual | Cost variances | F/U | Sales price variances | F/U | Flexible Budget | Sales activity variance | F/U | Master Budget | |||
| Sales volume | 17,750 | ||||||||||
| Sales revenue | $ 204,000.00 | ||||||||||
| Variable costs: | |||||||||||
| Manufacturing | $ 81,625.00 | ||||||||||
| Marketing and admin | $ 15,125.00 | ||||||||||
| Contribution margin | $ 66,500.00 | ||||||||||
| Fixed costs: | |||||||||||
| Manufacturing | $ 18,000.00 | ||||||||||
| Marketing and admin | $ 5,000.00 | ||||||||||
| Operating profit | $ 43,500.00 | ||||||||||
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
978-0730302414, 0730302415
