The master budget at Monroe Manufacturing last period called for sales of 42,800 units at $50 each. The costs were estimated to be $34 variable per unit and $532,000 fixed. During the period, actual production and actual sales were 45,800 units. The selling price was $49 per unit. Variable costs were $36 per unit. Actual fixed costs were $523,000. Required: Prepare a profit variance analysis. Note: 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. Sales revenue Less Variable costs Contribution margin Less: Fixed costs Operating profits Actual Monroe Manufacturing Profit Variance Analysis Manufacturing. Variances Sales Price Variance Flexible Budget Sales Activity Variance Master Budget

The master budget at Monroe Manufacturing last period called for sales of 42,800 units at $50 each. The costs were estimated to be $34 variable per unit and $532,000 fixed. During the period, actual production and actual sales were 45,800 units. The selling price was $49 per unit. Variable costs were $36 per unit. Actual fixed costs were $523,000. Required: Prepare a profit variance analysis. Note: 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. Sales revenue Less Variable costs Contribution margin Less: Fixed costs Operating profits Actual Monroe Manufacturing Profit Variance Analysis Manufacturing. Variances Sales Price Variance Flexible Budget Sales Activity Variance Master Budget

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Description: The master budget at Monroe Manufacturing last period called for sales of 42,800 units at $50 each. The costs were estimated to be$34 variable per unit and $532,000 fixed. During the period, actual production and actual sales were 45,800 units. The

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 1CMA: Taylor Corporation is analyzing the cost behavior of three cost items, A, B, and C, to budget for...

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