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Please fill in the blanks, thank you! Odessa, Inc., reports the following information concerning operations for the most recent month: Actual (based on actual of
Please fill in the blanks, thank you!
Odessa, Inc., reports the following information concerning operations for the most recent month: Actual (based on actual of 495 units) $80,370 Master Budget (based on budgeted 550 units) $88.000 Sales revenue Less Manufacturing costs Direct labor Materials Variable overhead Marketing Administrative Total variable costs Contribution margin Fixed costs Manufacturing Marketing Administrative Total fixed costs Operating profits 12,420 10,100 7,000 4,486 4,400 $38,406 $41,964 13,200 12,100 8.800 5.170 4,400 $43,670 $44,330 4,400 4,270 9,184 8,763 $22,217 $19,747 8,800 8.800 $22.000 $22.330 " There are no inventories. Required: Prepare a profit variance analysis for Odessa, Inc. (Do not round intermediate calculations. 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. Enter your final answers as a whole number.) ODESSA, INC. Profit Variance Analysis Marketing and Administrative Variance Sales Price Variance Actual 495 Units) Manufacturing Variance Flexible Budget (Units) Master Sales Activity Variance Budget (550 Units) $ 88,000 Sales revenue $ 80,370 Variable costs: 12,420 13,200 Manufacturing costs: Direct labor Materials Overhead Marketing Administrative 10,100 7.000 12,100 8,800 4,486 4,400 5,170 4,400 $ 41,964 $ 44,330 Contribution margin Fixed costs: Manufacturing Marketing Administrative $ 4,400 8,800 4,270 9,184 8,763 19,747 8,800 Operating profits $ $ $ 22,330Step by Step Solution
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