TV JUIL. 20.71%, 11.14 OT 20 pts W E10-25A (similar to) Question Help The Outrageous Balloon Company produces party balloons that are sold in multi-pack cases. To follow is the company's performance report in contribution margin format for March: (Click the icon to view the performance report in contribution margin format.) Read the requirements Requirement 1. What is the budgeted sales price per unit? The budgeted sales price per unit is $ 3.40 Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.80 Requirement 3. What is the budgeted fixed cost for the period? I The budgeted fixed cost for the period is $ 70,000 Requirements 4 and 5. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (U.) Management would like to determine the portion of the master budget variance that is (a) due to volume being different than originally anticipated, and (b) due to some other unexpected cause. Prepare a flexible budget performance report to address these questions, using the actual sales volume of 55,000 units and the budgeted sales volume of 52,000 units. Use the original budget assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from 47,000 to 65,000 units. Begin by completing the actual and master budget columns of the performance report and then the master budget variances. Choose from any list or enter any number in the input fields and then click Check Answer. 2 4 parts remaining Clear All Check Answer The budgeted fixed cost for the period is $ 70,000 Requirements 4 and 5. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (U.) Management would like to determine the portion of the master budget variance that is (a) due to volume being different than originally anticipated, and (b) due to some other unexpected cause. Prepare a flexible budget performance report to address these questions, using the actual sales volume of 55,000 units and the budgeted sales volume of 52,000 units. Use the original budget assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from 47,000 to 65,000 units Begin by completing the actual and master budget columns of the performance report and then the master budget variances Then compute the flexible budget column and the remaining variance columns. (Round all amounts the nearest whole dollar Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) The Outrageous Balloon Company Flexible Budget Performance Report For the Month Ended March 31 Flexible Master Budget Flexible Volume Master Budget Choose from any list or enter any number in the input fields and then click Check Answer 4 parts remaining Clear All Check Answer - WTO impunys performance report in contribution margin format for March: (Click the icon to view the performance report in contribution margin format.) Read the requirements. Laureaci vanaricu as avorable or unavorable (V). In the variance IS U, make sure to enter inau. A variance or Zero 15 considered favorable.) The Outrageous Balloon Company Flexible Budget Performance Report For the Month Ended March 31 Flexible Master Flexible Volume Master Budget Variance Budget Variance Actual Budget Variance Budget 52000 Sales volume 55000 3000F F 199800 F 23000|| F 176800 F 102600 9000 F 93600 F Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses 97200 14000||F 83200 F 71300 F 1300 F 70000 F 25900 13200 F Operating income F hoose from any list or enter any number in the input fields and then click Check Answer. ? parts remaining Clear All Check Answer A (similar to) Que Balloon Company produces narty balloons that are sold in multi-pack cases. To follow is the.co i Data Table A B D 1 2. 3 The Outrageous Balloon Company Actual vs. Budget Performance Report For the Month Ended March 31 4 Master Budget Variance V Master Actual Budget 5 Sales volume (number of cases sold) 55,000 52,000 6 Sales revenue $ 199,800 $ 176.800 7 Less: Variable expenses 102,600 93,600 8 Contribution margin $ 97,200 $ 83,200 9 Less: Fixed expenses 71,300 70,000 10 Operating income $ 25,900 $ 13,200 g en e Print Done Clear All Check
