Homework Help is Here – Start Your Trial Now!
Business
Accounting
me following information is available for Brownstone Products Company for the month of July Master Budget Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses a. 3,870 units. b. 4,270 units. Actual 3,800 $ 60,300 Contribution margin Operating income Required: What was the master budget variance for July? Was this variance favorable or unfavorable? 2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. 4. Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget each of the following two output levels: Flexible-Budget Variance 20,200 14,000 Complete this question by entering your answers in the tabs below. 8,900 8,500 Sales Volume Variance Required 1 Required 2 Required 4 Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribut and in terms of operating income. (Indicate the effect of each variance by selecting "F" for Favorable, "U" for Unfa "None" for no effect (i.e., zero variance).) 4,000 $ 60,000 16,000 13,100 8,000. 10,100

me following information is available for Brownstone Products Company for the month of July Master Budget Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses a. 3,870 units. b. 4,270 units. Actual 3,800 $ 60,300 Contribution margin Operating income Required: What was the master budget variance for July? Was this variance favorable or unfavorable? 2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. 4. Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget each of the following two output levels: Flexible-Budget Variance 20,200 14,000 Complete this question by entering your answers in the tabs below. 8,900 8,500 Sales Volume Variance Required 1 Required 2 Required 4 Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribut and in terms of operating income. (Indicate the effect of each variance by selecting "F" for Favorable, "U" for Unfa "None" for no effect (i.e., zero variance).) 4,000 $ 60,000 16,000 13,100 8,000. 10,100

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter23: Flexible Budgeting (flexbud)
Section: Chapter Questions
Problem 4R
See similar textbooks
icon
Related questions
Topic Video
Question

Please do not give solution in image format thanku and please give all answers 

The following information is available for Brownstone Products Company for the month of July Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Contribution margin Operating income Actual 3,800 $ 60,300 Complete this question by entering your answers in the tabs below. Flexible-Budget Variance Required: 1. What was the master budget variance for July? Was this variance favorable or unfavorable? 2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. 4. Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget for each of the following two output levels: a. 3,870 units. b. 4,270 units. < Required 1 20,200 14,000 8,900 8,500 Required 1 Required 2 Required 4 Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution and in terms of operating income. (Indicate the effect of each variance by selecting "F" for Favorable, "U" for Unfavora "None" for no effect (i.e., zero variance).) Sales Volume Variance Master Budget 4,000 $ 60,000 16,000 13,100 8,000 10,100 Required 4 >
Transcribed Image Text:The following information is available for Brownstone Products Company for the month of July Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Contribution margin Operating income Actual 3,800 $ 60,300 Complete this question by entering your answers in the tabs below. Flexible-Budget Variance Required: 1. What was the master budget variance for July? Was this variance favorable or unfavorable? 2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. 4. Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget for each of the following two output levels: a. 3,870 units. b. 4,270 units. < Required 1 20,200 14,000 8,900 8,500 Required 1 Required 2 Required 4 Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution and in terms of operating income. (Indicate the effect of each variance by selecting "F" for Favorable, "U" for Unfavora "None" for no effect (i.e., zero variance).) Sales Volume Variance Master Budget 4,000 $ 60,000 16,000 13,100 8,000 10,100 Required 4 >
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Performance measurements
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
SEE MORE TEXTBOOKS