Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me!!! The master budget at Western Company last period called for sales of 226,200 units at $10 20 each. The costs were estimated

please help me!!!
image text in transcribed
The master budget at Western Company last period called for sales of 226,200 units at $10 20 each. The costs were estimated to be $387 variable per unit and $226,200 fixed. During the period, actual production and actual sales were 231200 units. The selling price was $10.30 per unit. Variable costs were $5.70 per unit. Actual fixed costs were $226,200 Required: Prepare a profit variance analysis. (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.) Actual Budget WESTERN COMPANY Profit Variance Analysis Manufacturing Sales Price Variance Variances $ 23 2001 Flexible Sales Activity Budget Variance $ 2.552.000 s 55000 5 2.381 360 Master Budget 52497.000 Sales revenue Less Variable costs Contribution margin Less bed costs 1317840 106352015 5 591.600 591 600 5 23.2001 916,400 S16356005 19.750 10 35250 896 650 5 1.600 350 226 200 227.000 227.000

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

Step: 3

blur-text-image

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

Business Accounting

Authors: Frank Wood, Alan Sangster

7th Edition

0273619829, 9780273619826

More Books

Students also viewed these Accounting questions

Question

Define epistemology.

Answered: 1 week ago