Exercise 16-35 (Algo) Profit Variance Analysis (LO 16-4) Paynesville Corporation manufactures and sells a preservative used in food and drug manufacturing. The company carries no Inventories. The master budget calls for the company to manufacture and sell 118,000 tot a budgeted price of $210 per her this year. The standard direct cost sheet for one liter of the preservative follows. 12 pound 526 Direct materials Director Variable overhead is applied based on direct labor hours. The variable overhead rate is $110 per direct labor hour. The doveted rate at the master budget level of activity 555 per unit. All non-manufacturing costs are forced and are budgeted at $2.5 million for the coming year At the end of the year, the cost analyst reported that the sales actwity variance for the year was $548,000 unfavorable The flowing is the actual income statement in thousands of data for the year 23.11 Det Ava 13.00 Required Parrot celour answers in thousands of dollars. Indicate the effect of each walance by 21 MacBook Air 3 # 3 $ 4 & 7. 2 5 8 W E R. T Y U 0 Hels Erre Et mixed menneturing overhead Honmanufacturing conta Total fixed costs Operating profit 1,140 1320 32,460 $16,640 Required: Prepare a profit variance analysis. (Enter your answers in thousands of dollars. Indicate the effect of each variance by selecting up for favorable, or "U" for unfavorable. If there is no effect, do not select elther option) PAYNESVILLE CORPORATION Profil Variance Analys Manufacturing Non maching Vurance Sales Per Actual s 23.798 2,578 1,100 1.000 408 19 100 1 $ 3 Sales revenue Materials Direct labor Variable overhead Total variable costs Contribution margin Fixed cost Manufacturing Non-mantacturing Total food cats Operating profits 1 10 1320 2.650 16.00 $ . $ Pray Next > 3 MacBOOK Exercise 16-35 (Algo) Profit Variance Analysis (LO 16-4) Paynesville Corporation manufactures and sells a preservative used in food and drug manufacturing. The company carries no Inventories. The master budget calls for the company to manufacture and sell 118,000 tot a budgeted price of $210 per her this year. The standard direct cost sheet for one liter of the preservative follows. 12 pound 526 Direct materials Director Variable overhead is applied based on direct labor hours. The variable overhead rate is $110 per direct labor hour. The doveted rate at the master budget level of activity 555 per unit. All non-manufacturing costs are forced and are budgeted at $2.5 million for the coming year At the end of the year, the cost analyst reported that the sales actwity variance for the year was $548,000 unfavorable The flowing is the actual income statement in thousands of data for the year 23.11 Det Ava 13.00 Required Parrot celour answers in thousands of dollars. Indicate the effect of each walance by 21 MacBook Air 3 # 3 $ 4 & 7. 2 5 8 W E R. T Y U 0 Hels Erre Et mixed menneturing overhead Honmanufacturing conta Total fixed costs Operating profit 1,140 1320 32,460 $16,640 Required: Prepare a profit variance analysis. (Enter your answers in thousands of dollars. Indicate the effect of each variance by selecting up for favorable, or "U" for unfavorable. If there is no effect, do not select elther option) PAYNESVILLE CORPORATION Profil Variance Analys Manufacturing Non maching Vurance Sales Per Actual s 23.798 2,578 1,100 1.000 408 19 100 1 $ 3 Sales revenue Materials Direct labor Variable overhead Total variable costs Contribution margin Fixed cost Manufacturing Non-mantacturing Total food cats Operating profits 1 10 1320 2.650 16.00 $ . $ Pray Next > 3 MacBOOK
