how do you find the flexible budget column
%E10-42B (similar to) Question Help The Lively Balloon Company produces party balloons that are sold in multi-pack cases. To follow is the company's performance report in contribution margin format for January (Click the icon to view the performance report in contribution margin format.) Read the requirements favorable.) The Lively Balloon Company Flexible Budget Performance Report For the Month Ended January 31 Flexible Master Budget Flexible Volume Master Budget Actual Variance Budget Variance Budget Variance 56,000 56,000 53,000 Sales volume $ 195,900 Sales revenue 174,900 21,000 F 69,300 58,300 11,000 U Less: Variable expenses 126,600 116,600 Contribution margin 10,000 70,900 70,000 Less: Fixed expenses 9,100 46,600 55,700 Operating income 3,000 F 900 U Choose from any list or enter any number in the input fields and then click Check Answer. Check Answer Clear All parts 4 remaining LO Question Help The Lively Balloon Company produces party balloons that are sold in multi-pack cases. To follow is the company's performance report in contribution margin format for January: (Click the icon to view the performance report in contribution margin format.) Read the requirements. Requirement 1. What is the budgeted sales price per unit? $ The budgeted sales price per unit is 3.30 Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.10 Requirement 3. What is the budgeted fixed cost for the period? The budgeted fixed cost for the period is $ 70,000 Requirements 4 and 5. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (U.) Management would like to determine the portion of the master budget variance that is (a) due to volume being different than originally anticipated, and (b) due to some other unexpected cause. Prepare a flexible budget performance report to address these questions, using the actual sales volume of 56,000 units and the budgeted sales volume of 53,000 units. Use the original budget assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from 48,000 to 71,000 units. Begin by completing the actual and master budget columns of the performance report and then the master budget variances. Then compute the flexible budget column and the remainina variance columns (Round all amounts to the nearest whole dollar. Label each Choose from any list or enter any number in the input fields and then click Check Answer. 4 parts remaining Clear All Check Answer X ework: Chapter 10 24 of 5 pts 2 of 2 (2 complete) HW Score: 48.21% -42B (similar to) Que per Balloon C ion margir che icon to Data Table - X equiremer A ent 1. Wha B D 1 ted sales 2 The Lively Balloon Company Actual vs. Budget Performance Report For the Month Ended January 31 ent 2. Whe 3 eted variat Master Budget Variance 4 6 ent 3. Wh eted fixed Master Actual Budget Sales volume (number of cases sold) 56,000 53,000 6 Sales revenue $ 195,900 $ 174,900 7 Less: Variable expenses 69,300 58,300 8 Contribution margin $ 126,600 $ 116,600 9 Less: Fixed expenses 70,900 70,000 10 Operating income $ 55,700 $ 46,600 ents 4 and ent would , and (b) actual sale -, variable or unf. rent th these het ass lits. $ ompleting me flexible varianc dollar. om any lis Print Done
