Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 16-30 (Algo) Sales Activity Variance (LO 16-3) The following data are available for the most recent year of operations for Slacker & Sons. The

image text in transcribed
image text in transcribed
Exercise 16-30 (Algo) Sales Activity Variance (LO 16-3) The following data are available for the most recent year of operations for Slacker & Sons. The revenue portion of the sales activity variance is $288,000 F. Master budget based on actual sales of 161,eee units: Revenue Materials Labor Variable manufacturing overhead and administrative costs Fixed manufacturing overhead and administrative costs $3,600,000 861,000 636,000 136,000 410,000 Required: a. How many units were actually sold in the most recent period? b. Prepare a sales activity variance for the most recent year for Slacker & Sons Complete this question by entering your answers in the tabs below. Required A Required a How many units were actually sold in the most recent period? (Do not round intermediate calculations.) Actual sales units Required > Complete this question by entering your answers in the tabs below. Required A Required B Prepare a sales activity variance for the most recent year for Slacker & Sons, (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or Ufor unfavorable. If there is no effect, do not select either option) SLACKER & SONS Sales Activity Variance Flexible Budget Sales Activity Variance Master Budget Sales revenue Variable costs 5 0 0 5 5 $ 0 Materials Direct labor Variable manufacturing and administrative Total variable costs Contribution margin Fixed costs Manufacturing overhead and administrative Total fixed costs Operating profits 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2022

Authors: Bernard J. Bieg, Judith A. Toland

32nd Edition

0357518756, 9780357518755

More Books

Students also viewed these Accounting questions