Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Robinson Company has two products, A and B. Robinson's budget for August follows: Master Budget Product A Product B Sales $ 226,899 $ 432,999 Variable

image text in transcribed
Robinson Company has two products, A and B. Robinson's budget for August follows: Master Budget Product A Product B Sales $ 226,899 $ 432,999 Variable cost 136,899 324,999 Contribution margin $ 99,999 $ 198,999 Fixed cost 82,899 36,999 Operating income $ 7,299 $ 72,999 Selling price $ 126 $ 69 On September 1, these operating results for August were reported: Operating Results Product A Product B Sales $ 99,759 1: 539,199 Variable cost 66,599 419,499 Contribution margin $ 33,259 $ 119,799 Fixed cost 82,899 36,999 Operating income $ (49,559) $ 83,799 Units sold 959 8,559 Required: 1. For each product, determine the following variances measured in dollars of contribution margin: Flexiblebudget variance Sales volume variance Sales quantity variance 9-957?\" Sales mix variance

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

Principles of Economics

Authors: Robert Frank, Ben Bernanke

5th edition

73511404, 978-0073511405

Students also viewed these Accounting questions