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please help me with all. thanks so much. I have already completed 1,2, and 3 1. What is the budgeted sales price per unit? 2.
please help me with all. thanks so much. I have already completed 1,2, and 3
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 53,000 units and the budgeted sales volume of 51,000 units. Use the original budget assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from 46,000 to 58,000 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? C. 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? Print Print Done Done] Requirements 4 and 5. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (U.) 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 53,000 units and the budgeted sales volume of 51,000 units. Use the original budget assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from 46,000 to 58,000 units. Begin by completing the actual and master budget columns of the performance report and then the master budget variances. Then compute the flexible budget column and the remaining variance columns. (Round all amounts to the nearest whole dollar. For accounts with a 0 balance, make sure to enter "O" in the appropriate column. Label each variance as favorable (F) or unfavorable (U).) The Lively Balloon Company Flexible Budget Performance Report For the Month Ended January 31 Flexible Master Budget Flexible Volume Master Budget Actual Variance Budget Variance Budget Variance Sales volume Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income Data Table The Lively Balloon Company Actual vs. Budget Performance Report For the Month Ended January 31 Master Master Budget Variance Actual Budget Sales volume (number of cases sold) Sales revenue $ 180,200 $ 97,700 163,200 86,700 Less: Variable expenses Contribution margin $ Less: Fixed expenses 82,500 $ 71,500 11,000 $ 76,500 70,000 6,500 $ Operating income Print Print Done Done Requirement 1. What is the budgeted sales price per unit? The budgeted sales price per unit is $ - 3.20 Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.70 Requirement 3. What is the budgeted fixed cost for the period? The budgeted fixed cost for the period is $ 70,000Step by Step Solution
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