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please do not just give me a word deacription of what needs to be done. just please do it. this is my second time posting
please do not just give me a word deacription of what needs to be done. just please do it. this is my second time posting this.
Problem 15-21A (Algo) Determining and interpreting flexible budget variances LO 15-5 Adams 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 cont Labor cont Overhead cost Selling, general, and administrative costo Planned fixed costs Manufacturing overhead Selling, general, and administrative $36.40 8.90 4.30 5.10 6.40 $131,000 49,000 Assume that Adams actually produced and sold 29,000 books. The actual sales price and costs incurred follow: Netual price and variable conta Sales price Materials cout Labor cont Overhead cont Selling, general, and administrative cout Actual fixed conto Manufacturing overhead selling, general, and administrative 35.40 9.10 4.20 6.15 6.20 5116,000 55,000 Required 1. & b. Determine the flexible budget variances and also indicate whether each variance is favorable (F) or unfavorable (U). (Select "None" If there is no effect (ie, zero variance).) Flexible Budget Variances Required 2. & b. Determine the flexible budget variances and also indicate whether each variance is favorable (F **None" if there is no effect (i.e., zero variance).) Flexible Budget Variances Sales revenue Variable manufacturing costs Materials Labor Overhead Variable selling, general, and administrative costs Contribution margin Fixed costs Manufacturing overhead Selling general, and administrative costs Net Income Step by Step Solution
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