{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-07T04:04:46-04:00", "answer_date": "2024-06-07 04:04:46", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2403020", "url": "\/study-help\/questions\/the-master-budget-at-monroe-manufacturing-last-period-called-for-2403020", "question_creation_date_js": "2024-06-07T04:04:46-04:00", "question_creation_date": "Jun 07, 2024 04:04 AM", "meta_title": "[Solved] The master budget at Monroe Manufacturing | SolutionInn", "meta_description": "Answer of - The master budget at Monroe Manufacturing last period called for sales of 4 2 , 7 0 0 units at $ 4 9 each. The costs w | SolutionInn", "meta_keywords": "master,budget,monroe,manufacturing,period,called,sales,4,2,7,units,$", "question_title_h1": "The master budget at Monroe Manufacturing last period called for sales of 4 2 , 7 0 0 units at $ 4 9 each. The", "question_title": "The master budget at Monroe Manufacturing last period called for sales of", "question_title_for_js_snippet": "The master budget at Monroe Manufacturing last period called for sales of 4 2 , 7 0 0 units at $ 4 9 each The costs were estimated to be $ 3 3 variable per unit and $ 5 3 1 , 0 0 0 fixed During the period, actual production and actual sales were 4 5 , 7 0 0 units The selling price was $ 4 8 per unit Variable costs were $ 3 5 per unit Actual fixed costs were $ 5 2 2 , 0 0 0 Required Prepare a profit variance analysis Note 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 table , , , , table Manufacturing , lariance Analysis , , , , , Actual, table Manufacturing , Variances , Sales Price Variance,Flexible Budget, table Sales Activity , Variance , Master Budget , Sales revenue, x , , , , , , , Less , , , E , , , , , Variable costs, , , E , , , , , Contribution margin,$ , 0 , , , , $ , 0 , ,", "question_description": "\"image
The master budget at Monroe Manufacturing last period called for sales of <\/span>4<\/mn>2<\/mn>,<\/mo>7<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> units at $<\/span>4<\/mn>9<\/mn><\/mrow><\/math> each. The costs were estimated to be $<\/span>3<\/mn>3<\/mn><\/mrow><\/math> variable per unit and $<\/span>5<\/mn>3<\/mn>1<\/mn>,<\/mo>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> fixed. During the period, actual production and actual sales were <\/span>4<\/mn>5<\/mn>,<\/mo>7<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> units. The selling price was $<\/span>4<\/mn>8<\/mn><\/mrow><\/math> per unit. Variable costs were $<\/span>3<\/mn>5<\/mn><\/mrow><\/math> per unit. Actual fixed costs were $<\/span>5<\/mn>2<\/mn>2<\/mn>,<\/mo>0<\/mn>0<\/mn>0<\/mn>.<\/mo><\/mrow><\/math> <\/div>
Required:<\/span><\/div>
Prepare a profit variance analysis.<\/span><\/div>
Note: Indicate the effect of each variance by selecting <\/span>\"<\/mi><\/mrow><\/math>F<\/span>\"<\/mi><\/mrow><\/math> for favorable, or <\/span>\"<\/mi><\/mrow><\/math>U<\/span>\"<\/mi><\/mrow><\/math> for unfavorable. If there is no effect, do not select either option.<\/span> <\/div>
\\<\/mi><\/mrow><\/math>table<\/span>[<\/mi>[<\/mi>,<\/mo>,<\/mo>,<\/mo>,<\/mo>\\<\/mi><\/mrow><\/math>table<\/span>[<\/mi>[<\/mi><\/mrow><\/math>Manufacturing<\/span>]<\/mi>,<\/mo>[<\/mi><\/mrow><\/math>lariance Analysis<\/span>]<\/mi>]<\/mi>,<\/mo>,<\/mo>,<\/mo>]<\/mi>,<\/mo>[<\/mi>,<\/mo><\/mrow><\/math>Actual,<\/span>\\<\/mi><\/mrow><\/math>table<\/span>[<\/mi>[<\/mi><\/mrow><\/math>Manufacturing<\/span>]<\/mi>,<\/mo>[<\/mi><\/mrow><\/math>Variances<\/span>]<\/mi>]<\/mi>,<\/mo><\/mrow><\/math>Sales Price Variance,Flexible Budget,<\/span>\\<\/mi><\/mrow><\/math>table<\/span>[<\/mi>[<\/mi><\/mrow><\/math>Sales Activity<\/span>]<\/mi>,<\/mo>[<\/mi><\/mrow><\/math>Variance<\/span>]<\/mi>]<\/mi>,<\/mo><\/mrow><\/math>Master Budget<\/span>]<\/mi>,<\/mo>[<\/mi><\/mrow><\/math>Sales revenue,<\/span>x<\/mi><\/mo><\/mover>,<\/mo>-<\/mo>,<\/mo>,<\/mo>,<\/mo>,<\/mo>,<\/mo>]<\/mi>,<\/mo>[<\/mi><\/mrow><\/math>Less:<\/span>,<\/mo><\/mi>,<\/mo>,<\/mo>E<\/mi>,<\/mo>,<\/mo>,<\/mo>,<\/mo>]<\/mi>,<\/mo>[<\/mi><\/mrow><\/math>Variable costs,<\/span><\/mi>,<\/mo>-<\/mo>,<\/mo><\/mrow><\/math>E<\/span>,<\/mo>,<\/mo>,<\/mo>,<\/mo>]<\/mi>,<\/mo>[<\/mi><\/mrow><\/math>Contribution margin,$<\/span>,<\/mo>0<\/mn>,<\/mo>,<\/mo>[<\/mi>,<\/mo><\/mi>,<\/mo><\/mrow><\/math>$<\/span>,<\/mo>0<\/mn>,<\/mo>,<\/mo><\/mrow><\/math> <\/div><\/span> <\/div><\/div> \"image", "transcribed_text": "", "related_book": { "title": "Using Financial Accounting Information The Alternative to Debits and Credits", "isbn": "978-0-538-4527, 0-538-45274-9, 978-1133161646", "edition": "7th Edition", "authors": "Gary A. Porter, Curtis L. Norton", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/79.jpg", "uri": "\/textbooks\/using-financial-accounting-information-the-alternative-to-debits-and-credits-7th-edition-79", "see_more_uri": "" }, "free_related_book": { "isbn": "B0006AWQ92", "uri": "\/textbooks\/lectures-on-the-calculus-of-variations-2nd-edition-b0006awq92-383499", "name": "Lectures On The Calculus Of Variations", "edition": "2nd Edition" }, "question_posted": "2024-06-07 04:04:46", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/refer-to-the-information-in-problem-233a-phoenix-companys-actual", "description": "Refer to the information in Problem 23-3A. Phoenix Companys actual income statement for 2013 follows. Required 1. Prepare a flexible budget performance report for 2013. Analysis Component 2. 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