Calculate the sales volüme variance and flexible budget for the company that the budgeted and actual P&L statement provided for Actual Results Static Budget Sales (in units) Sales Revenue 15.000 10.000 $1.800.000,00 $200.000,00 $350.000,00 $500.000,00 $50.000,00 $700.000,00 $1.000.000,00 $100.000,00 $200.000,00 $300.000,00 $75.000,00 $325.000,00 Direct Materials Direct Labor Variable Overheads Fixed Overheads Profit

Calculate the sales volüme variance and flexible budget for the company that the budgeted and actual P&L statement provided for Actual Results Static Budget Sales (in units) Sales Revenue 15.000 10.000 $1.800.000,00 $200.000,00 $350.000,00 $500.000,00 $50.000,00 $700.000,00 $1.000.000,00 $100.000,00 $200.000,00 $300.000,00 $75.000,00 $325.000,00 Direct Materials Direct Labor Variable Overheads Fixed Overheads Profit

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 8P: Preparing a performance report Use the flexible budget prepared in P7-6 for the 29,000-unit level of...

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Preparing a performance report Use the flexible budget prepared in P7-6 for the 29,000-unit level of activity and the actual operating results listed below for the 29,000- unit level. Required: 1. Prepare a performance report. 2. List the major reasons why the actual operating income at 29,000 units differs from the master budget operating income at 30,000 units in Figure 7-12. 3. Given the level at which the company operated, how was its cost control? Item Direct materials: Direct labor:
Before the year began, the following static budget was developed for the estimated sales of 100,000. Sales are sluggish and management needs to revise its budget. Use this information to prepare a flexible budget for 80,000 and 90,000 units of sales.
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Before the year began, the following static budget was developed for the estimated sales of 50,000. Sales are higher than expected and management needs to revise its budget. Prepare a flexible budget for 100,000 and 110,000 units of sales.
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