Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

James Manufacturing had the following information available for July: Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 1 4 ,

James Manufacturing had the following information available for July:
Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget
Units 14,600?9,200 U ?
Sales revenue ? $ 14,600 F ???
Less:
Variable manufacturing costs $ 103,750 $ 107,000? $ 205,800
Variable marketing and administrative ? $ 4,050 U ? $ 4,800 F $ 31,600
Contribution margin $ 55,200?? $ 6,800 U ?
What was Jamess activity variance for variable manufacturing costs?

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

Step: 3

blur-text-image

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

Financial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

IFRS 3rd edition

1118978080, 978-1119153726, 1119153727, 978-1119153702, 978-1118978085

More Books

Students also viewed these Accounting questions

Question

How are IPOs and PHOs similar?

Answered: 1 week ago