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Lason worls in the accounting department of a local footwear marnufactura that specializes in clogs and boots. Clogs and boots typically sell for $97 and
Lason worls in the accounting department of a local footwear marnufactura that specializes in clogs and boots. Clogs and boots typically sell for $97 and $199 per pair, respectively. Based on past experience, fashion trends, and seasonal shifts, the comparry expected to sell 730 pairs of clogs and 270 pairs of boots. The variable cost per pair was $52 for clogs and $79 for boots. At the end of the year, Jason evaluated the company's sales and contribution margin anounts against the budget. Actual results for theycar-were as follows. - Actual sales volume: clogs, 869; boots, 231 - Actualselling price: clogs, $109 per pair, boots, \$188 per pair. - Actual per-unit variable costs for each product were the same as budgeted. (a) For the year just ended, determine the company/s total revenues, total variable costs, and total contribution margin for its (1) master budget, (2) flexible budget, and (3) actual income ttatement. CHextbookand Media Athempted of 3 uscd
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