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need answer as soon as can, will leave instant thumbs up Problem 15-20A (Algo) Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4
need answer as soon as can, will leave instant thumbs up
Problem 15-20A (Algo) Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4 Rooney Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price Materials cost Labor cost Overhead cost 1011in, general, and administrative coste Planned fixed costa Manufacturing overhead felling, general, and administrative $36.90 8.20 4.10 5.50 6.60 $134,000 47,000 Rooney planned to make and sell 36,000 copies of the book Required: a.-d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements, assuming production volumes of 35,000 and 37,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 37.000 units. Indicate whether the variances are favorable (F) or unfavorable (U) (Select "None" if there is no effect (l.e., zero variance).) Volume Variances Master Budget 36,000 Flexible Budgets 35,000 37,000 Number of units Variable manufacturing costs 0 Fixed costs $ o$ 5 Step by Step Solution
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