Requiremenets 4,5, and 6 pleases
The Lasting Balcon Company produces panty balloons that are sold in mull-back case. To folow is company performance report in contution maron format trupat Cica the knows the performance report in contribution margin format) Requirements Master Master Budget Budget Variance The Lasgaon Company Flexible Budget Performance Report For the Month Ended August 31 Fle Budget Flexible Volume Actual arance Bledge Variance Se vom Steve Le Varexpenses Combusoningin Les despeses Opening income Requirements Using the festle budget pertomance report you prepared for our 1. What is the budged se priceput? 2. What is the bugeted variable spese per 3. What is the budgeted for the period 4. Compute the master bugetarianos. Be sure to catch variances For Unfavorable) 5. Management were the portion of the master buige variance that is faluntoon being an originally pled and due to other speeds Para Flexible budget perfomance report to address the question the wal sales volume of 2.500 unts and the budget sales volume of 58.000 units the original gumption for les price variable com per unit and doing the retragesbetches um 1.000 67.500 units 6.Laing the fexbute performance report you prepared for free hetown How much of the master budget and in for operating income a due to volume being higher than expected? b. How much of the master budget for var det som har voel What could account for the file budget and for sales revenue d. What is the volume variance for a pens? Why it is more now The wount of the master budget variance for per incontro comercia Requirements. Using the ele bufort perfomance report you prepared for Rent Swer the towingo The amount of the master budget ware for at spre due to some cause other the volume Print Done Choose from any listoranturany number in the wput fields and continue to the next to i Data Table B D A 1 2 3 The Lasting Balloon Company Actual vs. Budget Performance Report For the Month Ended August 31 3 Master Budget Variance the f m al ed is bu Master 4 Actual Budget 5 Sales volume (number of cases sold) 62,500 58,000 6 Sales revenue $ 168,000 $ 145,000 7 Less: Variable expenses 74,300 63,800 Contribution margin $ 93,700 $ 81,200 9 Less: Fixed expenses 73,800 73,000 10 Operating income $ 19,900 $ 8,200 the f CO ou is fra bn. Print Done Requirements 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 62,500 units and the budgeted sales volume of 58,000 un a the original budget assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from 53,000 to 67,500 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? is d. than Print Done MacBook Pro
