Monza Industries manufactures camera lenses. The President, after receiving the annual Manufacturing Budget Report from their accountant, called a Managers' meeting to review 2021 results, as she was unhappy with the unfavourable variance of $1,220 in the Manufacturing Division The Manufacturing Manager has requested further analysis of the division's results as he believes Monra is under performing mainly because marketing has set the selling price per unit too low. The Accountant says everything is fine as the overall variance is only $1,200. Here is the report Mortaines Manufacture Division et Report for the Ward December 11, 2021 Valance 5.000 0.500 Actual 5,200 62.400 100 U Activity level units sales les cost Variable manufacturing costs Fed manufacturing costs Vasile selling & admin sed selling admin Total costs 25,000 16,500 10.000 500 59.000 20,520 17.000 9.100 7,500 60,120 1,520 SO 0001 N/A 1.1200 3.500 2:20 1.220 Net position What type of budget has Monza's accountant used and what is one major issue in using this type of budget? (2 marks) Type of Budget the accountant prepared (provided ANWSER abovel? Disadvantages of this type of budgeting b Pupare a flexible budynion for Monza's Manufacturing ditioning the same activity level budget an actuals estivity Lovol should be the stairs as imptome contestinatieportalove 15 marks) Mona Industries Manufacturing Division Budget Report For the Year Ending December 31, 2021 Actual Variance U/ Budget Activity level (units) Total variable costs Total fixed costs WORK SPACE Provide coments based on the Accountant's original Budget Report VOL Bred in art Assun the Comorete tolerance for variance is/ 5 from budetis Do you agree with the Accountant's statement that there are no major issues with the results? Os do you agree with the Manufacturing Maraw who belleves there are ses with the result I agree with the ANWSER Why do you agree with that individual (What did you base your answer on? What do you think needs further investigation? Complete the following reproments 14 marks What are the three types of responsibility contesino ANWSER dropdown) ANWSER ANWSER ANWSER What type of responsibility centre is the Manufacturin Division (no diop with 5.200 level of activity (budget and aduals for the your ending December marks) Minua inistries Manufacturing Dion Responsibility Report For the Year End December 11, 2021 Actual Varie Working Space Monza Industries manufactures camera lenses. The President, after receiving the annual Manufacturing Budget Report from their accountant, called a Managers' meeting to review 2021 results, as she was unhappy with the unfavourable variance of $1,220 in the Manufacturing Division The Manufacturing Manager has requested further analysis of the division's results as he believes Monra is under performing mainly because marketing has set the selling price per unit too low. The Accountant says everything is fine as the overall variance is only $1,200. Here is the report Mortaines Manufacture Division et Report for the Ward December 11, 2021 Valance 5.000 0.500 Actual 5,200 62.400 100 U Activity level units sales les cost Variable manufacturing costs Fed manufacturing costs Vasile selling & admin sed selling admin Total costs 25,000 16,500 10.000 500 59.000 20,520 17.000 9.100 7,500 60,120 1,520 SO 0001 N/A 1.1200 3.500 2:20 1.220 Net position What type of budget has Monza's accountant used and what is one major issue in using this type of budget? (2 marks) Type of Budget the accountant prepared (provided ANWSER abovel? Disadvantages of this type of budgeting b Pupare a flexible budynion for Monza's Manufacturing ditioning the same activity level budget an actuals estivity Lovol should be the stairs as imptome contestinatieportalove 15 marks) Mona Industries Manufacturing Division Budget Report For the Year Ending December 31, 2021 Actual Variance U/ Budget Activity level (units) Total variable costs Total fixed costs WORK SPACE Provide coments based on the Accountant's original Budget Report VOL Bred in art Assun the Comorete tolerance for variance is/ 5 from budetis Do you agree with the Accountant's statement that there are no major issues with the results? Os do you agree with the Manufacturing Maraw who belleves there are ses with the result I agree with the ANWSER Why do you agree with that individual (What did you base your answer on? What do you think needs further investigation? Complete the following reproments 14 marks What are the three types of responsibility contesino ANWSER dropdown) ANWSER ANWSER ANWSER What type of responsibility centre is the Manufacturin Division (no diop with 5.200 level of activity (budget and aduals for the your ending December marks) Minua inistries Manufacturing Dion Responsibility Report For the Year End December 11, 2021 Actual Varie Working Space
