X E7-25 (similar to) Question Help Assignments Do Homework Bombe, Inc. produces the basic fillings used in many popular frozen desserts and treats-vanilla and chocolate ice creams, puddings, meringues, and fudge. Bombe 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.) Take a Quiz/Test Read the requirements Requirements 1 and 2. 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? Break down each static-budget variance into a flexible-budget variance and a sales-volurne variance. Begin with the flexible budget columns, then enter in the sales volume variance and static budget variances. Finally, compute the static budget variance as a percentage of the static budget. Label each variance as favorable (F) or unfavorable (U). (For variances with a 50 balance, make sure to enter "o" in the appropriate field. If the variance is zero, do not select a label. Round dollar amounts to the nearest whole dollar and percentages to two decimal places, X.XX%.) Actual Results 390,000 Flexible Budget Variances Flexible Budget 390,000 0 Incorrect: 1 Units (pounds) Revenues b) Variable mfg costs Contribution margin Choose from any list or enter any number in the input fields and then click Check Answer. ? 5 5 parts remaining Clear All Check Answer THIS course TALL 525 Summer ZUZU Urejis based on Horngren: LOST ACCOunung. Tee Type here to search 3:48 PM 6/9/2020 X E7-25 (similar to) Question Help Assignments Do Homework Bombe, Inc. produces the basic fillings used in many popular frozen desserts and treats-vanilla and chocolate ice creams, puddings, meringues, and fudge Bombe 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 requirements Data Table Take a Quiz/Test Requirements 1 and 2. Calculate the static-budget variance relative to its si bin. What percentage is each ind a sales volume variance Begin with the flexible budget column of the static budget. Label each variai variance is zero, do not select a label ptic budget variance as a percentage c" in the appropriate field. If the Actual Results 390,000 Performance Report, June 2017 Actual Static Results Budget 390,000 380,000 Units (pounds) Revenues $ 2,203,500 $ 2,168,000 Variable manufacturing costs 1,423,500 1,368.000 $ 780,000 $ 798,000 Contribution margin Ned Gosher, 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 $18,000, which is less than 1% of the budgeled revenues of $2,166.000. Overall, Gosher feels that the business is running fine. Incorrect: 1 Units (pounds) Revenues 1) Variable rifg. costs Contribution margin Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 5 5 parts Check Answer Clear All remaining This course TALL S2 summer izuznines based on Horngren: LOS COUNTING Toe Type here to search O e 3:49 PM 15/9/2020