Question
Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not
Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
| Reported Income Statement (2500 units) | Manufacturing Variance | Marketing and Admin Variance | Sales price variance | Flexible budget (2500 units) | Sales Activity Variance | Master Budget (2700 units) | |
| Sales Revenue | 125000 | 10000 | 135000 | ? | |||
| Variable manfufactring costs | ? | 3750 | 2960 | ? | |||
| Variable Maretings and Admin Costs | ? | ? | ? | ? | 16200 | ||
| Contriubtion Margin | 79450 | ? | ? | 10000 | ? | ? | ? |
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Managerial Accounting An Introduction to Concepts Methods and Uses
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
10th Edition
1111822239, 324639767, 9781111822231, 978-0324639766
