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Standard price and variable costs Sales price Materials cost Labor cost Overhead cost. Selling, general, and administrative costs. Planned fixed costs Manufacturing overhead Selling, general, and administrative $ 36.30 8.70 4.10 5.30 6.60 $131,000 46,000 poney planned to make and sell 22,000 copies of the book. equired: - d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statement ssuming production volumes of 21,000 and 23,000 units. Determine the sales and variable cost volume variances, assuming volu actually 23,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e. ero variance).)

Standard price and variable costs Sales price Materials cost Labor cost Overhead cost. Selling, general, and administrative costs. Planned fixed costs Manufacturing overhead Selling, general, and administrative $ 36.30 8.70 4.10 5.30 6.60 $131,000 46,000 poney planned to make and sell 22,000 copies of the book. equired: - d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statement ssuming production volumes of 21,000 and 23,000 units. Determine the sales and variable cost volume variances, assuming volu actually 23,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e. ero variance).)

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 1PB: Direct materials and direct labor variance analysis Lenni Clothing Co. manufactures clothing in a...
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Standard price and variable costs Sales price Materials cost Labor cost Overhead cost. Selling, general, and administrative costs Planned fixed costs. Manufacturing overhead Selling, general, and administrative Number of units Rooney planned to make and sell 22,000 copies of the book. Required: a. - d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements, assuming production volumes of 21,000 and 23,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 23,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).) Variable manufacturing costs $ 36.30 8.70 4.10 5.30 6.60 Fixed costs $131,000 46,000 Master Budget 22,000 Flexible Budgets 21,000 23,000 Volume Variances
Transcribed Image Text:Standard price and variable costs Sales price Materials cost Labor cost Overhead cost. Selling, general, and administrative costs Planned fixed costs. Manufacturing overhead Selling, general, and administrative Number of units Rooney planned to make and sell 22,000 copies of the book. Required: a. - d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements, assuming production volumes of 21,000 and 23,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 23,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).) Variable manufacturing costs $ 36.30 8.70 4.10 5.30 6.60 Fixed costs $131,000 46,000 Master Budget 22,000 Flexible Budgets 21,000 23,000 Volume Variances
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