Answered step by step
Verified Expert Solution
Question
1 Approved Answer
help me solve this please. note: the value of last picture are incorrect. Jackson Company's budgeted prices for direct materials, direct manufacturing labor, and direct
help me solve this please. note: the value of last picture are incorrect.
Jackson Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attache case are $44,$10, and $10, respectively. The president is pleased with the following performance report (Click the icon to view the performance report.) Actual output was 10,200 attache cases. Assume all three direct-cost items above are variable costs. Requirement is the president's pleasure justified? Prepare a revised performance report that uses a floxible budget and a static budget. Prepare a revised performance report that uses a flexible budget and a static budget. Begin with the actual results, then complete the floxble budget columns and the slatic budget columns. Label each variance as favorable (F) or unfavorable (U). (For variances with a $0 balance, make sure to enter "* in the appropriate field. If the variance is zero, do not select a label.) Get more help . Data table Johnson Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attach Is the president's pleasure justified? Recall the the differences in what each type of budget or budget variance measures. The static budget ($772,800) is based on the level of output planned at the start of the budget period and the flexible budget ($703,800) calculates budgeted costs based on the actual oulput in the budget period. The flexible-budget variance ($21,200U) is the difference between an actual result and the corresponding flexible budget amount, while the sales-volume variance ($69,000F) is the difference between a flexible budget amount and the corresponding static budget amount. Review your calculations above to determine if the president's pleasure is justified Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started