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Hi I am having difficulties solving this problem. I saw some help online but they didn't seem right. Can you please look at this question
Hi I am having difficulties solving this problem. I saw some help online but they didn't seem right. Can you please look at this question form me. Its problem 14-23. its from the book accounting book, cost management, a strategic emphasis 82. Thank you
used a total of 980 (Round your answer to 2 decimal of the month LO 14-31 14-22 Refer to the data in Brief Exercise 14-21. (a) What Wa rounded to 2 decimal places? (b) Was this variance favorable (F) or unfavorable (U)? cises 14-3) 14-23 Flexible Budgets: Total Operating Income Variance; Breakdown of the Total Operating Income Variance; Spreadsheet Application The following information is available for Brownstone Products Company for the month of July: Actual Master Budget 3,800 4,000 Units $53,200 Sales revenue $60,000 Variable manufacturing costs 19,000 16,000 Fixed manufacturing costs 16,000 15,000 Variable selling and administrative expenses 7,700 8,000 Fixed selling and administrative expenses 10,000 9,000 Required 1. What was the total operating income variance for July, rounded to the nearest whole dollar? (Note: This or unfavorable (U)? variance is also called the master (static) budget variance for the period.) Was this variance favorable (F)bui abe ations, go to fedex.com, or c rmation on FedEx Express s d be compatible with the resso Shipments Only hipping terms and condition Guide, or conditions of ca plicable FedEx Express s Urgent 58011 REV-9/13 UO 14 Operational Performance Measurement: Sales, Direct Cost Variances, and the Role of Nonfinancial Performance Measures 605 2. Set up a spreadsheet to compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. Round all dollar amounts to the nearest whole number. 3. Discuss implications of these variances on strategic cost management for Brownstone. 4. Configure your spreadsheet so that it will allow the firm to prepare pro-forma budgets for activities within its relevant range of operations. Use your spreadsheet to prepare a flexible budget for each of the following two output levels (round all dollar amounts in the flexible budgets to the nearest whole number): a. 3,750 units. b. 4,150 units. (CMA Adapted) 4-31 14-24 Master (Static) Budget Variance and Its Components As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the company's sole productStep by Step Solution
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