actual sales : 8500 unit variable cost actual $ 188.800 fixed cost actual $ 71.200 sales...

actual sales : 8500 unit
variable cost actual $ 188.800
fixed cost actual $ 71.200
sales price $ 31,00
sales budget : 9000 unit.
Variable cost standar perunit $ 21,8
Fixed cost budget $ 70.000

Questions

1. Static budget variances.
2. Sales activity variances.
3. Using a flexible budget at the actual activity level, calculate the contribution margin budget, the profit budget, and the flexible budget variant.

Expert Solution

1.

	Actual	Static Budget	Variance
Sales Quantity	8,500.00	9,500.00
Sales Revenue	263,500.00	294,500.00	31,000.00	Unfavorable
Variable Cost	188,800.00	207,100.00	18,300.00	Favorable
Contribution Margin	74,700.00	87,400.00	12,700.00	Unfavorable
Fixed Cost	71,200.00	70,000.00	1,200.00	Unfavorable
Net Profit	3,500.00	17,400.00	13,900.00	Unfavorable

2.

	Flexible Budget	Static Budget	Variance
Sales Quantity	8,500.00	9,500.00
Sales Revenue	263,500.00	294,500.00	31,000.00	Unfavorable
Variable Cost	185,300.00	207,100.00	21,800.00	Favorable
Contribution Margin	78,200.00	87,400.00	9,200.00	Unfavorable
Fixed Cost	70,000.00	70,000.00	-
Net Profit	8,200.00	17,400.00	9,200.00	Unfavorable

3.

	Flexible Budget	Actual	Variance
Sales Quantity	8,500.00	8,500.00
Sales Revenue	263,500.00	263,500.00	-
Variable Cost	185,300.00	188,800.00	3,500.00	Unfavorable
Contribution Margin	78,200.00	74,700.00	- 3,500.00	Unfavorable
Fixed Cost	70,000.00	71,200.00	- 1,200.00	Unfavorable
Net Profit	8,200.00	3,500.00	- 4,700.00	Unfavorable

ekkarill92 answered 2 years ago

If the unit sales price is $12, the unit variable cost is $7.00 and fixed costs...

If the unit sales price is $12, the unit variable cost is $7.00 and fixed costs are $125,000; what is the, break-even quantity in # of units? ___________________________________ Please Show steps

Suppose Zume's sales price is 19, variable cost per unit is 8, and fixed cost is...

Suppose Zume's sales price is 19, variable cost per unit is 8, and fixed cost is 416. Zume sells 1500 pizzas. What is Zume’s Margin of Safety in sales dollars? (HINT: Use Contribution Margin Ratio). (Round ONLY you final answer to 2 digits...keep at least 3 digits on CM ratio during calculations )

show the fixed cost are fixed in total but is variable on a per unit basis...

show the fixed cost are fixed in total but is variable on a per unit basis and that variable in total but is fixed on a per unit basis

variable cost per unit 3, sales per unit 46, fixed exp $3000 and beginning cash $1500....

variable cost per unit 3, sales per unit 46, fixed exp $3000 and beginning cash $1500. 1. is there any limit to how much units you can produce given the data here 2. what principle of economics dictates your answer in question 1 3. what is the walmart effect? 4. what is a monopsony?

Swifty Corporation manufactures a product with a unit variable cost of $100 and a unit sales...

Swifty Corporation manufactures a product with a unit variable cost of $100 and a unit sales price of $176. Fixed manufacturing costs were $480000 when 10000 units were produced and sold. The company has a one-time opportunity to sell an additional 1000 units at $145 each in a foreign market which would not affect its present sales. If the company has sufficient capacity to produce the additional units, acceptance of the special order would affect net income as follows: Income...

A firm's total fixed cost (TFC) is $1,000 and unit variable cost (UVC) is $5. If...

A firm's total fixed cost (TFC) is $1,000 and unit variable cost (UVC) is $5. If market price of the product (P) is $10, what is the break-even quantity of sales? Break-even quantity = TFC / (P - UVC) = __ units

Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs...

Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO5-1, LO5-4] Miller Company’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (36,000 units) $ 252,000 $ 7.00 Variable expenses 144,000 4.00 Contribution margin 108,000 $ 3.00 Fixed expenses 49,000 Net operating income $ 59,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 15%? 2. What...

Given the following Selling Price: 50$ per unit Variable Cost: 40$ per unit Fixed Cost: 80,000$...

Given the following Selling Price: 50$ per unit Variable Cost: 40$ per unit Fixed Cost: 80,000$ per unit Calculate: A. Contribution margin as well as the contribution margin ratio B. Profit(loss) if 7,200 units are sold C. Margin of safety if 10,100 units are sold D. Break even point in dollars

Variable overhead $ 6,900 Fixed overhead 10,500 Actual labor cost (4,000 direct-labor hours) 74,400 Actual material...

Variable overhead $ 6,900 Fixed overhead 10,500 Actual labor cost (4,000 direct-labor hours) 74,400 Actual material cost (24,500 pounds purchased and used) 51,450 Overhead is budgeted and applied using direct-labor hours in a standard costing system. Standard cost and annual budget information are as follows: Standard Costs per Case Direct labor (4 hours at $18 per hour) $ 72.00 Direct material (30 pounds at $1.80 per pound) 54.00 Variable overhead (4 direct-labor hours at $2.10 per hour) 8.40 Fixed overhead...

1. A company has fixed cost of $45,000, variable cost per unit of $11, and sells...

1. A company has fixed cost of $45,000, variable cost per unit of $11, and sells its product at $18 each. a) What quantity must the firm sell in order to break-even? Explain how you reached this conclusion. b) What is the firm's total revenue at the break-even level of output? Show your calculation. c) What is the firm's total variable cost at the break-even level of output? d) What quantity must the firm sell in order to make a...

Question