Homework: Chapter 10 Homework Score: 0.14 of 3 pts 7 of 7 complete HW Score: 36.31%, 726 of 2 %E10-25A (similar to) Question Help The Creative Balloon Company produces party balloons that are sold in multipack To follow is the company's performance reg !!! (Click the icon to view the performance report in contribution margin format Requirements Read the requirements whole doar Forccounts who make sure to enter the approach variance as favorable The Creative Balloon Company Flexible Budget Performance Report For the Month Ended October 31 Flexible Master Budget Flexible Volume Master Budget Actual Variance Budget Variance Budget Variance 56 000 0 16.000 50.000 Sales volume 6.000F $ Servere 163.000 O 163000 23.000F $140.000 6 500 76000 100.000 00.000 RS U Variable expenses 80.000 94 500 54500F Contribution margin 71.200 Loss Fed expenses 70 000 82000 5 10 000 25000 13.00 23300 Operating income 1. What is the budgeted sales price por unt? 2. What is the budgeted variable experseperunt? 3. What is the budgeted fred cost for the period? 4. Compute the master budget variances. Be sure to indicate each wariance as favorable or unfavorable (U) 5. Management would like to determine the portion of the master budget variance that is due to volume being different than originally anticipated, and due to some other pacted case Prepare afe budgol performance report to address these questioning the actual sales volume of 58.000 urte the budgeted sales volume of 50.000 units. Use the original budget for cost per unit and found costs, assuming the relevage stretches from s.000 68.000 6. Using the fable budget performance report you prepared for agrements, wwer the following Gions How much of the master budget variance in Requirement for operating income to volume being higher than expected How much of the master budget variance for a perse is done cause the volume What could account for the file bugetare d What is the volume variance for free without Choose from any list or enter any number in the input fields and then click Check Answer Done Clear parts remaining 28 MacBook Air 20 000 ODD 74 2 & 0 9 # % 5 7 8 HW Score: 36.31%, 7.: mplete) Question rmance i Data Table vorable The Creative Balloon Company Actual vs. Budget Performance Report For the Month Ended October 31 favorable (F) or Master Master Budget Variance ster hce that is (a) dua Icted cause. Preps ps volume of 56,00 tions for sales prie 5,000 to 66,000 ur 5, answer the follo Actual Budget alget lance 8.000 F 56,000 50,000 Sales volume (number of cases sold) 140.000 60,000 ) for operating inco $ 163,000 S 68,500 Sales revenue to some cause othe 23.000 85000 U s Less: Variable expenses Contribution margin 80.000 70.000 F 94.500 71,200 23,300 $ 14,500 12000 10.000 U Less: Fored expenses 5 13,300 F Operating income Print Done Clear All AN A MacBook Air
