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 $288,000 $336,000 Variable cost 168,000

image text in transcribedimage text in transcribed

Robinson Company has two products, A and B. Robinson's budget for August follows: Master Budget Product A Product B Sales $288,000 $336,000 Variable cost 168,000 $120,000 96,000 224,000 $112,000 Contribution margin Fixed cost 84,000 $24,000 28,000 Operating income Selling price 120 60 On September 1, these operating results for August were reported: Operating Results Product B Product A Sales $133,875 $447,950 Variable cost 82,875 $51,000 96,000 310,675 $137,275 84,000 Contribution margin Fixed cost $(45,000) $53,275 Operating income Units sold 7,225 1,275 Required: 1. For each product, determine the following variances measured in dollars of contribution margin: Answer is not complete. Product A Product B Flexible-budget variance Sales volume variance Sales quantity variance Sales mix variance Unfavorable Favorable Favorable Favorable Unfavorable . Unfavorable Favorable b. . Unfavorable d

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

Cost Accounting Theory And Practice

Authors: R. Palaniappan, N. Hariharan

1st Edition

9380578342, 978-9380578347

More Books

Students also viewed these Accounting questions

Question

What is a dummy variable?

Answered: 1 week ago