Answered step by step
Verified Expert Solution
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 12,000 ? 3,000
James Manufacturing had the following information available for July:
| Actual Results | Flexible Budget Variance | Flexible Budget | Sales Activity Variance | Master Budget | ||||||||||||||||
| Units | 12,000 | ? | 3,000 | U | ? | |||||||||||||||
| Sales revenue | ? | $ | 13,800 | F | ? | ? | ? | |||||||||||||
| Less: | ||||||||||||||||||||
| Variable manufacturing costs | $ | 89,500 | $ | 96,000 | ? | $ | 119,000 | |||||||||||||
| Variable marketing and administrative | ? | $ | 8,500 | U | ? | $ | 9,200 | F | $ | 37,000 | ||||||||||
| Contribution margin | $ | 56,000 | ? | ? | $ | 6,700 | U | ? | ||||||||||||
What was Jamess activity variance for variable manufacturing costs?
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
Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Weygandt Kimmel Kieso
10th Edition
0470646462, 978-0470646465
