Answered step by step
Verified Expert Solution
Question
1 Approved Answer
J Ltd produced the following information for the month of April: Sales price variance Sales volume variance Original budget profit Direct materials variance Direct labour
J Ltd produced the following information for the month of April: Sales price variance Sales volume variance Original budget profit Direct materials variance Direct labour variance Fixed overheads variance $43,000 (favourable) $26,000 (adverse) $116,000 $23,000 (favourable) $36,000 (favourable) $25,000 (adverse) The actual profit for the period is (enter a whole number without spaces or symbols) Batty Ltd had the following budgeted and actual income statements for the month of October. Produce a flexed budget to reflect the actual business output in the period. Insert the flexed budgeted figures, based on the actual output of 300 units, in the following table. Enter whole numbers only with NO symbols or commas Budgeted Output (units) 200 Sales revenue ($) 350000 Raw materials ($) 20000 Flexed Actual 300 535000 33500 Labour ($) 10000 17500 Fixed overheads 110000 115000 ($) Operating profit 210000 369000 ($)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started