Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help the second picture shows fhe options for the 4th column (under Sales Activity Variance) The master budget at Cherrylawn Corporation at the beginning

need help the second picture shows fhe options for the 4th column (under "Sales Activity Variance")
image text in transcribed
image text in transcribed
The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 355,000 units with revenues of $3,550,000. Total variable costs were budgeted at $2,130,000 and fixed costs at $1,030,000. During the period, actual production and actual sales were 335,000 units. The actual revenues were $3,466,500. Actual variable costs were $2250 per unit. Actual fixed costs were $1,060,000, Required: Prepare a sales activity variance analysis. Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. The master budget at Cherrylawn Corporation at the beginning of the year was based on sales $3,550,000. Total variable costs were budgeted at $2,130,000 and fixed costs at $1,030,000. actual sales were 335,000 units. The actual revenues were $3,466,500. Actual variable costs were $1,060,000. Required: Prepare a sales activity variance analysis. Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorab

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing and Assurance services an integrated approach

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan

16th edition

978-0134075754, 134075757, 134065824, 978-0134065823

More Books

Students also viewed these Accounting questions

Question

What are the five areas of business?

Answered: 1 week ago

Question

* What is the importance of soil testing in civil engineering?

Answered: 1 week ago

Question

Explain the concept of shear force and bending moment in beams.

Answered: 1 week ago