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The master budget at Monroe Manufacturing last period called for sales of 43,000 units at $52 each. The costs were estimated to be $36 variable per unit and $534,000 fixed. During the period, actual production and actual sales were 46,000 units. The selling price was $51 per unit. Variable costs were $38 per unit. Actual fixed costs were $525,000. Required: Prepare a sales activity 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: Monroe Manufacturing Sales Activity Variance Flexible Budget Sales Activity Variance $ 0 Master Budget $ 0

The master budget at Monroe Manufacturing last period called for sales of 43,000 units at $52 each. The costs were estimated to be $36 variable per unit and $534,000 fixed. During the period, actual production and actual sales were 46,000 units. The selling price was $51 per unit. Variable costs were $38 per unit. Actual fixed costs were $525,000. Required: Prepare a sales activity 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: Monroe Manufacturing Sales Activity Variance Flexible Budget Sales Activity Variance $ 0 Master Budget $ 0

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 19E: The normal capacity of a manufacturing plant is 30,000 direct labor hours or 20,000 units per month....
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The master budget at Monroe Manufacturing last period called for sales of 43,000 units at $52 each. The costs were estimated to be $36 variable per unit and $534,000 fixed. During the period, actual production and actual sales were 46,000 units. The selling price was $51 per unit. Variable costs were $38 per unit. Actual fixed costs were $525,000. Required: Prepare a sales activity 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 Monroe Manufacturing Sales Activity Variance Flexible Budget Sales Activity Variance $ $ 0 0 Master Budget $ $ 0 0
Transcribed Image Text:The master budget at Monroe Manufacturing last period called for sales of 43,000 units at $52 each. The costs were estimated to be $36 variable per unit and $534,000 fixed. During the period, actual production and actual sales were 46,000 units. The selling price was $51 per unit. Variable costs were $38 per unit. Actual fixed costs were $525,000. Required: Prepare a sales activity 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 Monroe Manufacturing Sales Activity Variance Flexible Budget Sales Activity Variance $ $ 0 0 Master Budget $ $ 0 0
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