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Q7: Profit-Related Variances Example Matthews Manufacturing produces three products, Alpha, Beta, and Gamma. You are given the following information from Matthews' static budget: CM per Product Alpha Beta Gamma Budgeted Selling Price Per Unit $20.00 $15.00 $12.00 Static Budgeted Budget Static Static Unit Budget Budget Unit Sales Revenue Total CM $12.00 3,000 $60,000 $36,000 $9.00 4,500 $67,500 $40,500 $3.00 2,500 $30,000 $7,500 10,000 $157,500 $84,000 Static Budget Sales Mix 30% 45% 25% 100% Q7: Profit-Related Variances Example You are given below the actual results for Matthews Manufacturing. Compute the revenue budget variances. Actual Selling Actual Actual Price Per Actual CM Unit Actual Actual Sales Product Unit Sales Revenue Total CM Mix Alpha $22.00 $13.00 3.350 $73,700 $43,550 30.45% Beta $12.00 $5.00 6,000 $72,000 $30,000 54.55% Gamma $13.00 $3.00 1.650 $21.450 $4.950 15.00% 11.000 $167 150 $78,500 100.00% per Unit Actual Units Total Total Sold Times Static Actual Budgeted Budget Revenue Selling Price Revenue $167.150 $176,800 $157,500 Sales Price Variance Revenue Sales Quantity Variance $9.650 Favorable $19.300 Unfavorable Revenue Budget Variance $9,850 Unfavorable Chapter 11: Standard Costs and Variance Analysis Lowen 2044 Clong