Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.)

image text in transcribed

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

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Edi Audit And Control

Authors: I. Walden, A. Braganza

3rd Edition

1855542080, 978-1855542082

More Books

Students also viewed these Accounting questions

Question

find all matrices A (a) A = 13 (b) A + A = 213

Answered: 1 week ago