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The following data were collected by Bemidji Co. for the month of June: Static budget data: Sales Variable costs Total fixed costs Actual results: Sales Variable costs Total fixed costs 11,000 units @ 38/unit $ 27.00 per unit $23,100 12,000 units @ $37/unit $ 28.80 per unit $22,100 Required: 1, 2 & 3. Prepare the static and flexible budgets and show the variances by completing the table given below. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).)

The following data were collected by Bemidji Co. for the month of June: Static budget data: Sales Variable costs Total fixed costs Actual results: Sales Variable costs Total fixed costs 11,000 units @ 38/unit $ 27.00 per unit $23,100 12,000 units @ $37/unit $ 28.80 per unit $22,100 Required: 1, 2 & 3. Prepare the static and flexible budgets and show the variances by completing the table given below. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).)

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead
Section: Chapter Questions
Problem 16E: Determining Budgeted Overhead The overhead application rate for a company is 10 per unit, made up of...
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The following data were collected by Bemidji Co. for the month of June: Static budget data: Sales Variable costs Total fixed costs Actual results: Sales Variable costs Total fixed costs 11,000 units @ 38/unit $ 27.00 per unit $23,100 Sales (units) Revenue Variable expenses Contribution margin Fixed expenses Income 12,000 units @ $37/unit $28.80 per unit $22,100 Required: 1, 2 & 3. Prepare the static and flexible budgets and show the variances by completing the table given below. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Actual BEMIDJI COMPANY Static Budget Performance Report For the Month Ended June 30 Flexible Budget Flexible Budget Variance Sales Volume Variance Static Budget Static Variance
Transcribed Image Text:The following data were collected by Bemidji Co. for the month of June: Static budget data: Sales Variable costs Total fixed costs Actual results: Sales Variable costs Total fixed costs 11,000 units @ 38/unit $ 27.00 per unit $23,100 Sales (units) Revenue Variable expenses Contribution margin Fixed expenses Income 12,000 units @ $37/unit $28.80 per unit $22,100 Required: 1, 2 & 3. Prepare the static and flexible budgets and show the variances by completing the table given below. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Actual BEMIDJI COMPANY Static Budget Performance Report For the Month Ended June 30 Flexible Budget Flexible Budget Variance Sales Volume Variance Static Budget Static Variance
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