E10-25A (similar to) E Question Help The Outrageous Balloon Company produces party balloons that are sold in mullpack cases. To follow is the company's performance report in contribution margin format for March cick the leon to view the performance most in contributon maron format Read the requirements Requirement 1. What is the budgeted sales price per unt? The b est price per uns 5 Choose from any it or enterary number in the input fields and then click Check Answer 4 5 Clear Check Answer i Requirements 1. What is the budgeted sales price per unit? 2. What is the budgeted variable expense per unit? 3. What is the budgeted fixed cost for the period? 4. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (U) 5. Management would like to determine the portion of the master budget variance that is (a) due to volume being different than originally anticipated, and (b) due to some other unexpected cause. Prepare a flexible budget performance report to address these questions, using the actual sales volume of 52.000 units and Print Done 0 Requirements 5. Management would like to determine the portion of the master budget variance that is (a) due to volume being different than originally anticipated, and (b) due to some other unexpected cause. Prepare a flexible budget performance report to address these questions, using the actual sales volume of 52,000 units and the budgeted sales volume of 50.000 units. Use the original budget assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from 45,000 to 62,000 units 6. Using the flexible budget performance report you prepared for Requirement 5. answer the following questions: a. How much of the master budget variance (calculated in Requirement 4) for operating income is due to volume being higher than expected? Print Done vious Requirements GUS per un and lixed costs, assuming the relevant range stretches rom 4500U ID 04,000 units. 6. Using the flexible budget performance report you prepared for Requirement 5. answer the following questions: a. How much of the master budget variance (calculated in Requirement 4) for operating income is due to volume being higher than expected? b. How much of the master budget variance for variable expenses is due to some cause other than volume? c. What could account for the flexible budget variance for sales revenue? d. What is the volume variance for fixed expenses? Why is it this amount? Print Done The Outrageous Balloon Company produces party balloons that are sold in multi-pack cases. To follow is the company's performance repo format for March Click the icon to view the performance report in contribution margin format) Read the relirements Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.40 Requirement 3. What is the budgeted fixed cost for the period? Choose from any list or enter any number in the input fields and then click Check Answer A parts 4 remaining Clear All Check A Previous The Outrageous Balloon Company produces party balloons that are sold in mult-pack cases. To follow is the company's perfi format for March Click the icon to view the performance report in contribution margin format) Read the requirements Requirement 3. What is the budgeted fixed cost for the period The budgeted fixed cost for the period is $ 73.000 Requirements 4 and 5. Compute the master budget variances Be sure to indicate each variance as favorable (F) or unfavorab Choose from any list or enter any number in the input fields and then click Check Answer. 4 parts remaining Clear All Previous UUIU LUete v HW Scd %E10-25A (similar to) The Outrageous Balloon Company produces party balloons that are sold in multipack cases. To follow is the company's performanc format for March Click the icon to view the performance report in contribution margin format) Read the requirements For the Month Ended March 31 Flexible Budget Flexible Volume Master Actual Variance Budget Variance Budget Choose from any list or enter any number in the input fields and then click Check Answer Master Budget Variance A 4 parts remaining Clear All Che Previous neutrageous Balloon Company produces party balloons that are sold in mult-pack cases. To follow is the company's performar format for March (Click the icon to view the performance report in contribution margin format) Read the requirements Contribution margin 1070001 7: 00 Less Fixed expenses Operating income 33200 Choose from any list or enter any number in the input fields and then click Check Answer. A parts remaining Clear All