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(create your own question) Prepare a static budget and use it for performance reporting.

(create your own question)

Prepare a static budget and use it for performance reporting.

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Q Static budget                                              Actual Results

   Units                       100000                                 110000

   Sales Revenue       500000                                 550000

   Less:

Variable cost:

   Manufacturing Cost:

   Direct Material       : 50000                                  55000

   Direct Labour        : 70000                                  60000

   Variable Overhead : 30000                                 25000

   Selling and

   Administrative         : 15000                                16000

Contribution margin    335000                               394000

   Fixed Expenses:

   Manufacturing           15000                                  12000

   Operating Income     320000                                382000

                           Performance Report

Sale Variance                      500000-550000=50000 F

Direct material Variance       50000-55000   =5000 U

Direct Labour Variance         70000-60000    =10000 F

Variable Overhead Variance 30000-25000    =5000 F

Selling And

Administrative Variance         15000-16000= 1000 U

Fixed Cost Variance               15000-12000=3000 F

ekkarill92 answered 2 years ago
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