Answered step by step
Verified Expert Solution
Question
1 Approved Answer
solve number 5 please accrpding to the table Miller Toy Company Flexible Budget Report - August Revenue/Spending Variance August Actual Note 3 F/U Flexible Budget
solve number 5 please accrpding to the table
Miller Toy Company Flexible Budget Report - August Revenue/Spending Variance August Actual Note 3 F/U Flexible Budget (calculate) 7,450 Budgeted # of units from le 7,450 0 -- $354,640 $345,429 6,289 $98,414.50 U Sales Revenue Cost of Goods Sold: Direct Material Direct Labor Variable overhead Variable selling Expense Total Variable Expenses 4006.50 1,636 U $102,421 $28,158 $11,532 $25,000 $167,111 $26,522 $10,951.50 580.50 U 0 -- $25,000 $160,888 6,223 U $187,529 $184,541 2.988 F Contribution Margin Fixed Expenses: Overhead S&A Expenses Total Fixed expenses S66,000 $91,000 $157,000 $66,000 $91,000 $157,000 0 0 0 Net Operating Income $30,529 $27,541 2,988 F Notes Amounts for Sales, DM, DL, and VOH should be from the last column in 3. Other amounts should be equal to the "flexible budget" column here. 5) For the revenue variance, give an example of a situation that would result in such a variance. Use full 20 to 30 words and full sentences. Note - I am looking for an example", not an explanation - describe a situation that would CAUSES this type of variance Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started