Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

im so confused on what to do. can soneone provude me steps so i can complete this problem ? please and thsnk you Managers at

im so confused on what to do. can soneone provude me steps so i can complete this problem ? please and thsnk you image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Managers at Bramble, Inc were cautiously optimistic about receiving their bonuses at year-end. Periodic communications from the top noted that the sales team had been exceeding targets throughout the year, which led to steady production activity to keep pace. Managers knew that a company profit margin of 9% meant bonuses for everyone. The production crew had been managing costs well but wasn't sure where final costs would land with the sales volume higher than planned. The following information outlines actual and budgeted results for the year. \begin{tabular}{|c|c|c|c|c|c|c|} \hline & rer unit & & & & ricobie buaget & rerunit \\ \hline Sales volume & & & 51,700 & & 51,700 & 8x \\ \hline 5sles & $14.50 & 5 & 749650 & 5 & 0 & $1390 \\ \hline \multicolumn{7}{|l|}{ Variable costs: } \\ \hline Direct materiala & 3.40 & & & & & 3.30 \\ \hline Directiabor & 1.70 & & & & & 1.75 \\ \hline Variable-MOH & 1.60 & & & & & 160 \\ \hline VariablescSA & 0.40 & & & & & 0.40 \\ \hline Contributionmargin & $7.40 & & & & & 9685 \\ \hline \end{tabular} Fleed coste: Find MOF Fund SGLAA Operatinglincome Flexible Budget Variance Sales Variable costs: Direct materials Direct labor Variable- MOH Variable SGEA Contribution margin Fixed costs: Ficed-MOH Fixed SGQA Operating income 5 Did the company hit its target profit margin? (Round answers to 2 decimal places, eg. 15.25\%.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Assurance And Risk

Authors: W. Robert Knechel, Steve Salterio, Brian Ballou

3rd Edition

0324313187, 9780324313185

More Books

Students also viewed these Accounting questions

Question

identify the main types of research studies in HRM research;

Answered: 1 week ago

Question

decide what data to gather and when;

Answered: 1 week ago