The Creative Balloon Company produces party balloons that are sold in multipack cites. Following is the company's performance report in contribution margin format for August Click the icon to view the performance report in contribution margin format.) Read the rourements Requirement 1. What is the budgend sale price per unit? The budgeted sales price per unit is Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unitis Requirement 3. What is the budgeted fixed cost for the period? The budgeted fixed cost for the period is Data table A C D 1 N The Creative Balloon Company Actual vs. Budget Performance Report For the Month Ended August 31 3 Master Budget Variance Master Budget Actual 4 Sales volume (number of cases 5 sold) 6 Sales revenue 60,000 54,000 $ 156,000 $ 135,000 70,400 59,400 7 Less: Variable expenses 8 Contribution margin $ 75,600 9 Less: Fixed expenses 85,600 $ 65,800 19,800 $ 65,000 10 Operating income $ 10,600 Print Done Requirements - 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. Compute 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 being different than originally anticipated and (b) due to some other unexpected cause. Prepare a flexible budget performance report to address these questions, using the actual sales volume of 60,000 units and the budgeted sales volume of 54,000 units. Use the original budget assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from 49,000 to 65,000 units 6. Using the flexible budget performance report you prepared for Requirements, 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? b. 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 revenue? What is the volume variance for fixed expenses? Why is it this amount? The pf a. var c. d. Print Done 54000 Requirements and Computer master budget variance Betonowe sath variances le 1er avrie () Management would be the portion of budget is de rent than onged, and due to some other needed to prepare the operare report to address on the actual sales vous of 60.000 unts and the bed unts. Use the buttons for variable con perunt and fundo, ngewrangeres from 10.000.000 Begin by coming the actual and master buget colors of the performance report and then the master budget. The complecie budget de color Wholedo, Catherinevate the varianter And The Creative Balloon Company Flexible Budget Performance Report For the Month Ended August 31 The Creative Balloon Company Flexible Budget Performance Report For the Month Ended August 31 Flexible Budget Flexible Volume Variance Budget Variance Master Budget Master Budget Actual Variance Sales volume Sales revenue Less: Variable expenses Contribution margin Loss: Fixed expenses Operating income Meguramente no ha fornite hudpet performance report you proved to Bagament pret the lower pan. Hoe man of the author bundan vurance lisandwie an unsererart ay tax onerating conte a un te vertone being Requirement that forbedrer you pred for rent How much big news Madrement to thing the the budget perlomas per you and twowy to what could accordie ware
