The following data are available for the most recent year of operations for Prest Products. The revenue portion of the sales activity variance is $225,000 U. Master budget based on budgeted sales of 45,000 units: Revenue Materials Labor Variable manufacturing overhead and administrative costs Fixed manufacturing overhead and administrative costs Required: a. How many units were actually sold in the most recent period? b.Prepare a sales activity variance for the most recent year for Prest Products. Complete this question by entering your answers in the tabs below. Required A $1,500,000 510,000 375,000 75,000 180,000 Required B Prepare a sales activity variance for the most recent year for Prest Products. (Indicate the effect of each variance by solocting "F" for favorable or "II" for unfavorable. If there is no offect do not solert oither option
The following data are available for the most recent year of operations for Prest Products. The revenue portion of the sales activity variance is $225,000 U. Master budget based on budgeted sales of 45,000 units: Revenue Materials Labor Variable manufacturing overhead and administrative costs Fixed manufacturing overhead and administrative costs Required: a. How many units were actually sold in the most recent period? b.Prepare a sales activity variance for the most recent year for Prest Products. Complete this question by entering your answers in the tabs below. Required A $1,500,000 510,000 375,000 75,000 180,000 Required B Prepare a sales activity variance for the most recent year for Prest Products. (Indicate the effect of each variance by solocting "F" for favorable or "II" for unfavorable. If there is no offect do not solert oither option
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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Concept explainers
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Question
Please help me with show all calculation thanku
Transcribed Image Text:The following data are available for the most recent year of operations for Prest Products. The revenue portion of the sales
activity variance is $225,000 U.
Master budget based on budgeted sales of 45,000 units:
Revenue
Variable manufacturing overhead and administrative costs
Fixed manufacturing overhead and administrative costs
Required:
a. How many units were actually sold in the most recent period?
b.Prepare a sales activity variance for the most recent year for Prest Products.
Complete this question by entering your answers in the tabs below.
Required A
Prest Products
Sales Activity Variance
Sales revenue
Variable costs:
Materials
Materials.
Labor
Direct
Required B
Prepare a sales activity variance for the most recent year for Prest Products. (Indicate the effect of each variance by
selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
Variable manufacturing and administrative
Total variable costs
Contribution margin
Operating profits
Fixed costs:
Manufacturing overhead and administrative
Total fixed costs
$1,500,000
$0
$0
510,000
$0
375,000
75,000
180,000
Flexible Budget Sales Activity Variance Master Budget
$0
$0
$0
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