Wednesday
July 23, 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

math - Orginal Budget Budgeted Volume Budgeted Quantity Budgeted Price 1,000 40....
Math-Variance - Orginal Budget Budgeted Volume Budgeted Quantity Budgeted Price...
Health Finance - Question Details Consider the following 2007 data for Newark ...
managerial accounting - Scott Manufacturing Co.ís static budget at 10,000 units ...
accounting (this right) - what information is on a felxible budget? *** is this ...
managerial Accounting - Smith Co uses a standard cost system for its single ...
managerial accounting - Perpare a flexible overhead budget based on the amounts ...
managerial accounting - The following direct materials and direct labor data ...
accounting - The standard amount of materials required to make one unit of ...
accounting - Required a. Determine the gross profit margin for each product ...

Search
Members