Answered step by step
Verified Expert Solution
Question
1 Approved Answer
need help solving e) and f) using info below with the variance b) Production for planning budget 9,000 Actual production Planning budget at 90% 10,000
need help solving e) and f) using info below with the variance
b) Production for planning budget 9,000 Actual production Planning budget at 90% 10,000 9,000 c) Planning budget revenue $405,000 Sales units Budgeted selling price Budgeted sales revenue 9,000 $45 $405,000 d) Flexible budgeted revenue $450,000 Number of units produced Budgeted selling price Budgeted sales revenue 10,000 $45 $450,000 e) Enter the revenue amounts in the correct columns on the Budget Report at the end of the Packet. In this case, assume flexible budget equals actual for revenue. f) If Flexible Budget by definition represents budgeted revenue for actual number of units sold, give two reasons/situations that might cause actual revenue to be different from flexible budget" revenue. Answer in full sentences. Perry Company Budget Report Month Ending May 31, 20xx Flexible Variance F/U Budget (2)=(1)-(3) (3) Planning Budget (1) F/U Variance (4)=(3)-(5) Actual Results (5) units Sales Revenue Cost of Goods Sold: DM DL VOH FOH Total COGS DOMITI S&A Expense NOI 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