Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Thank you for a prompt response! Find the values of the missing items (a) through (x). Assume the actual sales volume equals actual production volume.

Thank you for a prompt response!
image text in transcribed
Find the values of the missing items (a) through (x). Assume the actual sales volume equals actual production volume. \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline Rinst(t)a & Reportedincomestatement(basedonactualsalesvolume) & Manufacturingvariance & MarketingandAdministrativeVariance & SalesPriceVariance & FlexibleBudget(basedonactualsalesvolume & SalesActivityVariance & MasterBudget(basedonbudgetedsalesvolume) \\ \hline Units & (a) & & & & (b) . & 4,000F & 20.000 \\ \hline Sales Revenue & (g) & & & $3,600F & (h) & (i) & $30,000 \\ \hline Less: & & & & = & & & \\ \hline VariableManufacturingCosts & (n) & (o) & & & $19,200 & (i) & $16,000 \\ \hline Variablemarketingandadministrativecosts & $4.320 & & (R) & & $4.800 & $800U & (c) \\ \hline \begin{tabular}{l|} Contribution \\ margin \end{tabular} & (a) . & $1,800U & (s) & (x) & $12,000 & (k) & $10,000 \\ \hline \begin{tabular}{|l|} Fixed \\ manufacturing \\ costs \end{tabular} & (r) & $400F & & & (m) & & (d) \\ \hline Fixedmarketingandadministrativecosts & $3.600 & & (y) & & $3.000 & & (s) \\ \hline OperatingProfit & (t) & (u) & (w) & $3.600F & $4,000 & (i) & (f) \\ \hline \end{tabular}

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

Students also viewed these Accounting questions