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I need help finishing this accounting homework . can someone please show the work and explain how you find the flex budget variance - volume
I need help finishing this accounting homework . can someone please show the work and explain how you find the" flex budget variance - volume variance"? I don't know how to figure out the numbers. Thank you .
Score: 0.57 of 8 pts 4 of 4 (4 complete) HW Score: 69.18%, 20.75 of 30 pts E10-26A (similar to) Question Help Organic Muffins sells its muffins to restaurants and coffee houses for an average selling price of $35 per case. The following information relates to the budget for Organic Muffins for this year (all figures are annual totals unless otherwise noted) Requirement Construct a flexible budget performance report for Organic Muffins for the year. Be sure to indicate whether each variance is favorable (F) or unfavorable (U). (Enter the variances as positive numbers. If the variance is 0, make sure to enter in a "O". Label each variance as favorable (F) or unfavorable (U).) (Click the icon to view the budget information.) During the year, Organic Muffins actually sold 9,200 cases, resulting in total sales revenue of $330,000. Actual expenses (in total) from this year are as follows (Click the icon to view the actual expenses.) Organic Muffins Flexible Budget Performance Report-Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Budget Variance Master Budget 8,500 cases Actual Budget Volume 9,200 cases 9,200 casesVariance Sales revenue $ 330.000 8,000 E S 322,000 $ 24,500 E S 297,500 ($35 per case) Variable operating expenses 46300 30200 13200 pense ($5 per case sold) 300 Packaging ex Shipping expense ($3 per case sold) Sales commissions (4% of sales price) Data Table Data Table Budgeted sales in cases Packaging cost per case . Shipping expense per case . . Sales commission expense . . . . . Salaries expense Office rent 8,500 cases $46,300 Shipping expense 4% of sales price $ 6,900 $ 3,300 $ 2,500 $ 2,400 $ 1,200 $ 8,500 3,300 2,500 1,900 $ 1,600 Office rent. Office supplies expense Office supplies expense PrintDone Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Clear AlI Check Answer remainingStep by Step Solution
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