Question
The following data are available for the most recent year of operations for Slacker & Sons. The revenue portion of the sales activity variance is
The following data are available for the most recent year of operations for Slacker & Sons. The revenue portion of the sales activity variance is $240,000 F.
Master budget based on actual sales of 165,000 units: | |||
Revenue | $ | 4,000,000 | |
Materials | 865,000 | ||
Labor | 640,000 | ||
Variable manufacturing overhead and administrative costs | 140,000 | ||
Fixed manufacturing overhead and administrative costs | 450,000 | ||
Required:
a. How many units were actually sold in the most recent period? (Do not round intermediate calculations.)
Actual Sales_______ Units
b. Prepare a sales activity variance for the most recent year for Slacker & Sons. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
b. Prepare a sales activity variance for the most recent year for Slacker & Sons. (Do not round intermediate calculatio unfavorable. If there is no effect, do not select either option.) SLACKER & SONS Sales Activity Variance Flexible Budget Sales Activity Varianco Sales revenue Variable costs: Materials Direct labor Variable manufacturing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead and administrative Total fixed costs Operating profits MacBook Air
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