tu HW Score: 25.85%, 23.27 of 90 pts 7-25 (similar to) Question Help Lambeth, Ino, produces the basic filings used in many popular frozen desserts and treats-vanila and shocolate ice creams, puddings, meringues, and fudge Lamboth uses standard costing and carries over no inventory from one month to the next. The ice-cream product group's results for June 2017 were as follows: (Click the icon to view the results) Read the regulaments uwy WUN U V var many years www variance as favorable F) or unfavorable (U) (For variances with a 50 balance, make sure to enter in the appropriate field. If the variance is zero, do not select a label Round dollar amounts to the nearest whole dollar and percentagos to wo decimal places, XXX%) Flexible Actual Budget Flexible Results Variances Budget Units (pounds) Revenues Variable mig, costs Contribution margin i Data Table ngs used in many ext. The ice-crean - X fudge. Performance Report, June 2017 Actual HIS, TUM IITLE able (U). (For varia es to two decimal pl sd per pt select Results Static Budget 479.000 490,000 Flexible- Units (pounds) Revenues Variable manufacturing costs $ Budget Variances 2,616,600 $ 1,646,400 2,586,600 1,580,700 $ 970,200 $ 1,005,900 Contribution margin Brian Cruse, the business manager for ice-cream products, is pleased that more pounds of ice cream were sold than budgeted and that revenues were up. Unfortunately, variable manufacturing costs went up, too. The bottom line is that contribution margin declined by $35,700, which is just over 1% of the budgeted revenues of $2,586,600. Overall, Cruse feels that the business is running fine. my number in the inpy Print Done EE 0 many popular frozen desserts and treats-vanilla and chocolate ice creams, puddings, meringues, and fudge -cream product aroun's results for June 2017 were as follows: Requirements en lille or variand ecimal pla ds a pe not sele et FI es B 1. Calculate the static-budget variance in units, revenues, variable manufacturing costs, and contribution margin. What percentage is each static-budget variance relative to its static-budget amount? 2. Break down each static-budget variance into a flexible-budget variance and a sales-volume variance. 3. Calculate the selling price variance. 4. Assume the role of management accountant at Lambeth. How would you present the results to Brian Cruse? Should he be more concerned? If so, why? Print Done the input fields and then click Check Answer. Clear All tu HW Score: 25.85%, 23.27 of 90 pts 7-25 (similar to) Question Help Lambeth, Ino, produces the basic filings used in many popular frozen desserts and treats-vanila and shocolate ice creams, puddings, meringues, and fudge Lamboth uses standard costing and carries over no inventory from one month to the next. The ice-cream product group's results for June 2017 were as follows: (Click the icon to view the results) Read the regulaments uwy WUN U V var many years www variance as favorable F) or unfavorable (U) (For variances with a 50 balance, make sure to enter in the appropriate field. If the variance is zero, do not select a label Round dollar amounts to the nearest whole dollar and percentagos to wo decimal places, XXX%) Flexible Actual Budget Flexible Results Variances Budget Units (pounds) Revenues Variable mig, costs Contribution margin i Data Table ngs used in many ext. The ice-crean - X fudge. Performance Report, June 2017 Actual HIS, TUM IITLE able (U). (For varia es to two decimal pl sd per pt select Results Static Budget 479.000 490,000 Flexible- Units (pounds) Revenues Variable manufacturing costs $ Budget Variances 2,616,600 $ 1,646,400 2,586,600 1,580,700 $ 970,200 $ 1,005,900 Contribution margin Brian Cruse, the business manager for ice-cream products, is pleased that more pounds of ice cream were sold than budgeted and that revenues were up. Unfortunately, variable manufacturing costs went up, too. The bottom line is that contribution margin declined by $35,700, which is just over 1% of the budgeted revenues of $2,586,600. Overall, Cruse feels that the business is running fine. my number in the inpy Print Done EE 0 many popular frozen desserts and treats-vanilla and chocolate ice creams, puddings, meringues, and fudge -cream product aroun's results for June 2017 were as follows: Requirements en lille or variand ecimal pla ds a pe not sele et FI es B 1. Calculate the static-budget variance in units, revenues, variable manufacturing costs, and contribution margin. What percentage is each static-budget variance relative to its static-budget amount? 2. Break down each static-budget variance into a flexible-budget variance and a sales-volume variance. 3. Calculate the selling price variance. 4. Assume the role of management accountant at Lambeth. How would you present the results to Brian Cruse? Should he be more concerned? If so, why? Print Done the input fields and then click Check Answer. Clear All