Thursday
April 24, 2014

Homework Help: Managerial Accounting

Posted by Kevin on Tuesday, April 5, 2011 at 12:05am.

Determining and interpreting flexible budget variances

Use the standard price and cost data supplied in problem 15-18. Assume that Holligan actually produced and sold 31,000 books. The actual sales price and costs incurred follow.

Actual price and variable costs:

Sales price $36.00
Materials $9.10
Labor $4.10
Overhead $6.20
General, selling, and administrative $6.10
Actual fixed costs:

Manufacturing $120,000.00
General, selling, and
administrative $55,000.00

a. Determine the flexible budget variances. Provide another name for the fixed cost flexible budget variance.

b. Indicate whether each variance is favorable (F) or unfavorable (U).

c. Identify the management position responsible for each variance. Explain what could have caused the variance.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Health Finance - Question Details Consider the following 2007 data for Newark ...
accounting (this right) - what information is on a felxible budget? *** is this ...
accounting - Required a. Determine the gross profit margin for each product ...
Accounting urgent Edit - The management of Stampfer Inc. asks your help in ...
managerial accounting - The following direct materials and direct labor data ...
managerial Accounting - Smith Co uses a standard cost system for its single ...
accounting - The standard amount of materials required to make one unit of ...
Cost and Management Accounting - MPLC produces jam and jelly of different ...
business - At the end of January, Mineral Labs had inventory of 725 units, which...
managerial accounting - Perpare a flexible overhead budget based on the amounts ...

Search
Members