Drop down choices for the left column:

Unit sales, sales revenue, variable product expenses, total variable expenses, contribiution margin, variable overhead, direct labor, direct material, variable overhead

Return to Blackboard JS Westem I Davis, Managerial Accounting. Je Question 2 At the monthly management meeting, Leslie Smith, president of Mama Fran's Fantastic Foods, was reviewing the April budget report with some satisfaction. Our actual results are never exactly what we budget, but I guess we're off by only 2 to 3 we've done a good ob forecasting. The report she referred to follows: April Budget Report Actual Budget Variance Sales (in pounds) 450.000 400.000 50.000 F Revenue $3,555.000 $3,200,000 $355.000 F Less variable expenses Direct material 865,000 580,000 Direct labor 148.000 336,000 12,000 U Variable overhead 750,000 648,000 102,000 U Total variable expenses 1,963,000 1,564,000 399,000 U Contribution margin $1,592,000 $1,636,000 (544.000 U) Nathan Porter, the company's purchasing manager, chimed in. "It surprises me that we did as well as we ad. I know that chocolate prices went up dramatically last month, so I expected a much larger variance. And we had that little mix-up when we ordered a batch of whole aimonds instead of sliced almonds." But controller Ashley Corley looked concerned. Hang on a minute, guys. I don't think this budget report gives us the true picture. Let me work on it some more and get back to you." Ashley's first step was to track down the following standard cost card for the cookies Chocolate Nut Supreme Cookies Quantity Standard Unit Cost Total Cost Direct materials Cookie mix Mik chocolate Almonds Total direct materials Direct labor Mixing 10 Ounces 5 ounces 1 ounce $0.02 per ounce $0.15 per Ounce 30.50 per ounce $0.20 0.75 0.50 1 minute 2 minutes $14.40 per hour $18.00 per hour 0.24 0.60 Total direct labor Variable overhead Total standard cost per pound 3 minutes $32.40 per hour Ashley also tracked down this additional information about the month's operations Actual Quantity Used Actual Cost Direct materials Show All X Block Syllabus Eco...docx Davis, Managerial Accounting, 3e Help System Announcements CALCULATOR PRINTER VERSION Ashley also tracked down this additional information about the month's op Item Actual Quantity Used Actual Cost Direct materials Cookie mit 4,650,000 ounces $93,000 Milk chocolate 2,660,000 ounces 532,000 Almonds 480,000 ounces 240,000 Direct labor Mieding 540,000 minutes 108,000 Baking 800,000 minutes 240,000 Variable overhead Total actual variable costs (a) Prepare a more informative performance report for the month of April. (Do not leave any answer field blank. Enter o for amounts.) Actual Results Flexible Flexible Budget volume Variance Sales Budget Variance Click if you would like to show Work for this question: Open Attempts of 1 used SAVE FOR LATER dock Syllabus Eco....docx