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James Manufacturing had the following information available for July: Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 14,000 ? 4,000
James Manufacturing had the following information available for July:
| Actual Results | Flexible Budget Variance | Flexible Budget | Sales Activity Variance | Master Budget | ||||||||||||||||
| Units | 14,000 | ? | 4,000 | U | ? | |||||||||||||||
| Sales revenue | ? | $ | 21,250 | F | ? | ? | ? | |||||||||||||
| Less: | ||||||||||||||||||||
| Variable manufacturing costs | $ | 89,750 | $ | 97,000 | ? | $ | 121,000 | |||||||||||||
| Variable marketing and administrative | ? | $ | 9,250 | U | ? | $ | 4,750 | F | $ | 38,000 | ||||||||||
| Contribution margin | $ | 57,000 | ? | ? | $ | 6,800 | U | ? | ||||||||||||
What was Jamess master budget contribution margin?
Multiple Choice
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$57,000
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$57,000
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$72,700
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$37,750
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Financial Accounting For Executives And MBAs
Authors: Wallace, Simko, Ferris
4th Edition
1618531980, 9781618531988
