Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help Flowerpot Men Co. Bill & Ben manage the Flowerpot Men, a company that makes and sells flower pots. Bill manages the sales department,
please help Flowerpot Men Co. Bill & Ben manage the Flowerpot Men, a company that makes and sells flower pots. Bill manages the sales department, and Ben manages the production department. The sales budget for this year is to sell 100 "little teapots" at $10 each, and 200 "tree planters" at $80 each. Actual sales were 100 "little teapots" and 500 "tree planters". Both products were sold at their expected prices. 1. Please calculate the Sales Variance (static budget vs actual sales) to evaluate Bill's performance: Ben had no problems making 100 of the "little teapots", but did have problems making the larger "tree planters". Production details for the "tree planters" are as follows: Ben had no problems making 100 of the "little teapots", but did have problems making the larger "tree planters". Production details for the "tree planters" are as follows: Budget Actual Price/kg of materials $ 16.00 $ 16.50 Quantity/unit of materials 3 kg 4.5 kg Please calculate the following for the product "tree planters" 2. The cost of materials according to the static budget: 3. The cost of materials according to the flexible budget : 4. The actual total materials cost: 5. The materials flexible budget variance: 6. The materials price variance: 7. The materials usage variance
please help
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