Question
This question only experts will answer, as its High marks, no handwriting or photo allowed: Data March budget March actual data Unit Solds 6,000 5,600
This question only experts will answer, as its High marks, no handwriting or photo allowed:
Data
March budget | March actual data | |
Unit Solds | 6,000 | 5,600 |
Variable cost | 592/ unit | 1,836,800 |
Monthly fixed cost | 432,000 | 400,000 |
Selling price per unit | 880 | 896 |
Account variation Report
Units sold | Budget | Variance flexible budget | Flexible budget | Variance sales quantity | Actual |
Units sold | 6,000 | 400 | 5,600 | 0 | 5,600 |
Revenue | 5,280,000 | 352,000 | 4,928,000 | 89,600 | 5,017,600 |
Variable cost | 3,552,000 | 236,800 | 3,315,200 | 1,478,400 | 1,836,800 |
Contribution Margin | 1,728,000 | 115,200 | 1,612,800 | 1,568,000 | 3.180,800 |
Fixed cost | 432,000 | 0 | 432,000 | 32,000 | 400,000 |
Net Margin(profit) | 1,296,000 | 115,200 | 1,180,800 | 1,600,000 | 2,780,800 |
The financial accountant has prepared the budget deviation report above, and what is required is:
How do you evaluate the company's performance in light of the data in the report, by analyzing quantity, revenue, variable cost and contribution margin, fixed cost and net margin (profit ), these performances and its relation to departments and for the whole companies.... in Details minimum 300 words.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started