Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget for each of thefollowing two output levels:a. 3,790 units.b. 4,190 units.Show less aFlexible budget Flexible budget(b.)Master Budget(a.)Units4,000Sales60,000Variable costs:Manufacturing16,000Selling and administrative8,00024,000Total variable costs%2436,000Contribution marginFixed costs:13,300Manufacturing9,400Selling and administrative2$22,700Total fixed costs%2413,300Operating income< Required 2Requlted 4Next >... The following information is available for Brownstone Products Company for the month of July:MasterActualBudget4, eee$ 60,00016, e00UnitsSales revenueVariable manufacturing costsFixed manufacturing costsVariable selling and administrative expensesFixed selling and administrative expenses3,8ee$ 53,60019,40014,3008,1009,see13, 30e8, e009,400Required:1. What was the master budget varidnce 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 contributionmargin and in terms of operating income.4. Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budiget for each of thefollowing two output levels:a. 3,790 units.b. 4,190 units.Complete this question by entering your answers in the tabs below.Required 1Required 2Required 4..Next

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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. 3,790 units. b. 4,190 units. Show less Flexible budget Flexible budget (b.) (a.) Master Budget Units 4,000 Sales 60,000 lariable costs Manufacturing 16,000 Selling and administrative 8,000 24,000 iotal variable costs 36,000 contribution margin xed costs: 13,300 Manufacturing 9,400 Selling and administrative tal fixed costs %24 22,700 13,300

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. 3,790 units. b. 4,190 units. Show less Flexible budget Flexible budget (b.) (a.) Master Budget Units 4,000 Sales 60,000 lariable costs Manufacturing 16,000 Selling and administrative 8,000 24,000 iotal variable costs 36,000 contribution margin xed costs: 13,300 Manufacturing 9,400 Selling and administrative tal fixed costs %24 22,700 13,300

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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