Question
Use the following information to answer parts (8) and (9). Budgeted and actual results for Corinne's Flowers for June 2015 are as follows: IIbudget Actual
Use the following information to answer parts (8) and (9).
Budgeted and actual results for Corinne's Flowers for June 2015 are as follows:
|
|
| IIbudget |
|
| Actual mun. |
| |
| Tullp | Hlblcu | To | TullP9 | Hlblcu | To | ||
| Unllsales |
| 5,250 | 1,750 | 7,000 | 4,299 | 2,315 | 6,614 |
| Sales mlK |
| 75% | 25% | 100% | 65% | 35% | 100% |
| Sales price |
| $0.45 | $25 | $46,112.50 | $0.45 | $26 | $62,124.55 |
| Vartablecost |
| 0.20 | 18 |
| 0.20 | 20 |
|
| ContrlbuUon margin |
| $0.25 | $ 7 | $13,562.50 | $0.25 | $6 | $14,964.75 |
- What Is the master budget variance?
a. $ 1,402.25 favourable
b. $ 1,402.25 unfavourable
c. $ 16,012.05 favourable
d. $ 16,012.05 unfavourable
- What Is the flexible budget variance?
a. $ 810.25 favourable
- $ 810.25 unfavourable
- $ 2,314.90 favourable
- $ 2,314.90 unfavourable
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
14th Edition
1119707110, 978-1119707110
