The Blowing Balloon Company produces party balloons that are sold in multi - pack cases . To follow is the company's performance report in contribution margin format for August :

complete HW Score: 43.75%, 8.75 of 20 10-25A (similar to) Question Help The Blowing Balloon Company produces party balloons that are sold in multi-pack cases. To follow is the company's performance report in contribution margin format for August Click the ice * Requirements Read the require Requirement 1. The budgeted 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. Computo 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 boing different than originally anticipated and (b) due to some other unexpected cause. Prepare a foxble budget performance report to address these questions, using the actual sales volume of 62 500 units and the budgeted sales volume of 58,000 units. Use the original budget assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from $3,000 to 67,500 units 6. Using the flexible budget performance report you prepared for Requirement 5. answer the following questions How much of the master budget variance (calculated in Requirement 4) for operating income is due to volume being higher than expected? How much of the master budget variance for variable expenses is due to some cause other than volume? What could account for the flexible budget variance for sales revence? d. What is the volume variance for Exed expenses? Why is it this amount? b. ? c. Enter any numbe Check Answer 7 parts remaining 14 complete HW Score: 43.75%, 8.75 of 2 Question Help E10-25A (similar to) The Blowing Balloon Company produces party balloons that and August Click the icon to vierd the performance report in contributia Read the requirements Data Table format for D Requirement 1. What is the budgeted sales price por unt? The budgeted sales price per unit is 1 2 3 The Blowing Balloon Company Actual vs Budget Performance Report For the Month Ended August 31 Master Budget Variance Master 4. Actual Budget 5 Sales volume (number of cases sold) 62,500 58.000 Sales revence $ 172.800 $ 150.800 7 Lass: Variable expenses 35.400 75.400 8 contribution margin 5 87.400 5 75.400 Less Fed expenses 72.400 71.000 10 Operating income $15.000 4.400 Enter any number in the edit field and then click Check An Print Done 2 7 parts remaining CAN Check AS complete HW Score: 43.75%, 8.75 of 20 10-25A (similar to) Question Help The Blowing Balloon Company produces party balloons that are sold in multi-pack cases. To follow is the company's performance report in contribution margin format for August Click the ice * Requirements Read the require Requirement 1. The budgeted 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. Computo 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 boing different than originally anticipated and (b) due to some other unexpected cause. Prepare a foxble budget performance report to address these questions, using the actual sales volume of 62 500 units and the budgeted sales volume of 58,000 units. Use the original budget assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from $3,000 to 67,500 units 6. Using the flexible budget performance report you prepared for Requirement 5. answer the following questions How much of the master budget variance (calculated in Requirement 4) for operating income is due to volume being higher than expected? How much of the master budget variance for variable expenses is due to some cause other than volume? What could account for the flexible budget variance for sales revence? d. What is the volume variance for Exed expenses? Why is it this amount? b. ? c. Enter any numbe Check Answer 7 parts remaining 14 complete HW Score: 43.75%, 8.75 of 2 Question Help E10-25A (similar to) The Blowing Balloon Company produces party balloons that and August Click the icon to vierd the performance report in contributia Read the requirements Data Table format for D Requirement 1. What is the budgeted sales price por unt? The budgeted sales price per unit is 1 2 3 The Blowing Balloon Company Actual vs Budget Performance Report For the Month Ended August 31 Master Budget Variance Master 4. Actual Budget 5 Sales volume (number of cases sold) 62,500 58.000 Sales revence $ 172.800 $ 150.800 7 Lass: Variable expenses 35.400 75.400 8 contribution margin 5 87.400 5 75.400 Less Fed expenses 72.400 71.000 10 Operating income $15.000 4.400 Enter any number in the edit field and then click Check An Print Done 2 7 parts remaining CAN Check AS