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I would appreciate if the math was included for each if possible, so I may follow along, Thanks. Hampton Muffins sells its muffins to restaurants
I would appreciate if the math was included for each if possible, so I may follow along, Thanks.
Hampton Muffins sells its muffins to restaurants and coffee houses Requirement for an average selling price of $34 per case. The following Construct a flexible budget performance report for Hampton information relates to the budget for Hampton Muffins for this year Muffins for the year. Be sure to indicate whether each variance is (all figures are annual totals unless otherwise noted): favorable (F) or unfavorable (U). (Enter the variances as positive (Click the icon to view the budget information.) numbers. Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zero During the year, Hampton Muffins actually sold 8,400 cases, is considered favorable.) resulting in total sales revenue of $293,000. Actual expenses (in total) from this year are as follows: (Click the icon to view the actual expenses.) Data Table X Data Table X 2 Budgeted sales in cases ....... Packaging cost per case...... $ Shipping expense per case.... $ Sales commission expense Salaries expense Office rent $ Depreciation $ Insurance expense Office supplies expense $ 7,800 cases 2 3 5% of sales price 6,500 4,100 2,600 2,500 1,000 Packaging cost. Shipping expense Sales commission expense Salaries expense. Office rent.. Depreciation Insurance expense Office supplies expense $ 17,700 $ 26,200 $ 14,650 $ 7,500 $ 4,100 $ 2,600 $ 2,300 $ 1,700 Flexible Budget Variance U/F Actual 8,400 cases Flexible Budget U/F 8,400 cases Volume Variance Master Budget 7,800 cases Sales Revenue $34/ case Variable operating expenses Packaging cost Shipping expense Sales commission expense Fixed operating expenses salaries expenses Office Rent Depreciation Insurance expense Office Supplies Expense Total opertaing expenses Net ProfitStep by Step Solution
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