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= Question Help U-25A (similar to) The Lively Bloon Compary produces party balloons that are sold in multipack Gases. To follow is the company's performance report in contribution margin format for December Click the icon to view the performance report in contribution margin format) Read the movie 0 Requirements Data Table - Requirement 1. What is the budgeted sales priceperunt The budgeted sales price per unit is $ The Lively Balloon Company Actual vs Budget Performance Report For the Month Ended December 31 Mar Budget Variante Actual Budget 1. What is the budgeted sales price per unit 2. What is the budgeted variable expense per 3. What is the budgeted fred cost for the period 4. Compute the master budget varianos Be sure to indicate each variance as favorable) or unfavorable 6. Management would like to determine the portion of the master budget variance that is a due to volume being different than originally pated, and it due to some nexpected us Prepare a fexble butet performance report to address these questions using the actual sales volume of .00 units and the budgeted sales volume of 56.000 units. Use original budget anyone was great content and food costs, assuming the relevant rage stretches from 51,000 15 74.500 units Using the flexible budget portomance report you prepared for Megrenert answer the How much of the master bugetariance calculated in a rement for operating come is due to wore berger speed How much of these forces is due to some cute Some number of cases sold . 10.2003 122.000 179200 112.000 Less Varan Corinnar 37. 200 15.00 2.200 $ 3500 Operating income What could account for the budget vance for sales revenu What is te volume wance for fred expenses why it out? Enter any number in the cold and then click Check Print Done parts remaning Clear Al Print Done X i Data Table The Lively Balloon Company Actual vs. Budget Performance Report For the Month Ended December 31 Master Master Budget Actual Budget Variance Sales volume (number of cases sold) 59,500 56,000 Sales revenue $ 198,200 $ 122,500 179,200 112,000 Less: Variable expenses Contribution margin $ 75,700 $ 66,200 67,200 65,000 Less: Fixed expenses Operating income $ 9,500 $ 2,200 Print Done December The Lively Balloon Company produces party balloons that are sold in multi-pack cases. To follow is the company's performance report in contribution margin format for Click the icon to view the performance report in contribution margin format.) Read the requirements Requirement 1. What is the budgeted sales price per unit? The budgeted sales price per unit is $ 1. What is the budgeted sales price per unit? 2. What is the budgeted variable expense per unit? 3. What is the budgeted fixed cost for the period? 4. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (U.) 5. Management would like to determine the portion of the master budget variance that is (a) due to volume being different than originally anticipated, and (b) due to some other unexpected cause. Prepare a flexible budget performance report to address these questions, using the actual sales volume of 59,500 units and the budgeted sales volume of 56,000 units. Use the original budget assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from 51,000 to 74,500 units. 6. Using the flexible budget performance report you prepared for Requirement 5, answer the following questions: a. How much of the master budget variance (calculated in Requirement 4) for operating income is due to volume being higher than expected? b. How much of the master budget variance for variable expenses is due to some cause other than volume? What could account for the flexible budget variance for sales revenue? d. What is the volume variance for fixed expenses? Why is it this amount? C. Print Done
