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actual costs are shown below. For Month Ended July 31 Sales Variable costs Direct materials. Direct labor Indirect materials Sales commissions Total variable costs Contribution margin Fixed costs Depreciation-Machinery Supervisor salary Insurance. Depreciation-office equipment Administrative salaries Total fixed costs Income wing fixed budget for July using 7,700 units for budgeted sales. Actual sales were 7,400 units and For Month Ended July 31 Sales Variable costs Fixed Budget Variable. Amount per Unit $ 100 35 15 4 11 65 $35 Total Fixed Cost $ 70,100 41,600 10,300 7,600 33,900 $ 163,500 Fixed Budget (7,700 units) $770,000 Actual Results 269,500 115,500 30,800 84,700 500,500 $ 269,500 70,100 41,600 10,300 7,600 33,900 163,500 $ 106,000 NINA COMPANY Flexible Budget Performance Report Flexible Budget (7,400 units) (7,400 units) Actual Results (7,400 units) $ 756,700 Prepare a flexible budget performance report for July at activity level of 7,400 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Variances 274,000 112,600 29,000 80,500 496,100 $ 260,600 70,100 42,800 10,300 7,600 30,600 161,400 $ 99,200 Favorable/Unfavorable

actual costs are shown below. For Month Ended July 31 Sales Variable costs Direct materials. Direct labor Indirect materials Sales commissions Total variable costs Contribution margin Fixed costs Depreciation-Machinery Supervisor salary Insurance. Depreciation-office equipment Administrative salaries Total fixed costs Income wing fixed budget for July using 7,700 units for budgeted sales. Actual sales were 7,400 units and For Month Ended July 31 Sales Variable costs Fixed Budget Variable. Amount per Unit $ 100 35 15 4 11 65 $35 Total Fixed Cost $ 70,100 41,600 10,300 7,600 33,900 $ 163,500 Fixed Budget (7,700 units) $770,000 Actual Results 269,500 115,500 30,800 84,700 500,500 $ 269,500 70,100 41,600 10,300 7,600 33,900 163,500 $ 106,000 NINA COMPANY Flexible Budget Performance Report Flexible Budget (7,400 units) (7,400 units) Actual Results (7,400 units) $ 756,700 Prepare a flexible budget performance report for July at activity level of 7,400 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Variances 274,000 112,600 29,000 80,500 496,100 $ 260,600 70,100 42,800 10,300 7,600 30,600 161,400 $ 99,200 Favorable/Unfavorable

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter9: Profit Planning And Flexible Budgets
Section: Chapter Questions
Problem 48BEB: Performance Report Based on Budgeted and Actual Levels of Production Balboa Company budgeted...
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Administrative salaries Total fixed costs Income. For Month Ended July 31 Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions Total Variable Costs Prepare a flexible budget performance report for July at activity level of 7,400 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Contribution margin Fixed costs Depreciation Machinery Supervisory salary Insurance Depreciation Office equipment Administrative salaries Total Fixed Costs 33,900 $ 163,500 Income NINA COMPANY Flexible Budget Performance Report Flexible + Budget (7,400 units) Actual Results (7,400 units) 33,900 163,500 $ 106,000 < Prev 2 of 4 Variances 30,600 161,400 $ 99,200 EH Favorable/Unfavorable Next >
Transcribed Image Text:Administrative salaries Total fixed costs Income. For Month Ended July 31 Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions Total Variable Costs Prepare a flexible budget performance report for July at activity level of 7,400 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Contribution margin Fixed costs Depreciation Machinery Supervisory salary Insurance Depreciation Office equipment Administrative salaries Total Fixed Costs 33,900 $ 163,500 Income NINA COMPANY Flexible Budget Performance Report Flexible + Budget (7,400 units) Actual Results (7,400 units) 33,900 163,500 $ 106,000 < Prev 2 of 4 Variances 30,600 161,400 $ 99,200 EH Favorable/Unfavorable Next >
Nina Company prepared the following fixed budget for July using 7,700 units for budgeted sales. Actual sales were 7,400 units and actual costs are shown below. For Month Ended July 31 Sales Variable costs Direct materials Direct labor Indirect materials. Sales commissions Total variable costs Contribution margin Fixed costs Depreciation-Machinery - Supervisor salary Insurance. Depreciation-office equipment Administrative salaries Total fixed costs Income For Month Ended July 31 Fixed Budget Sales Variable costs Variable Amount per Unit $ 100 35 15 4 11 65 $35 Total Fixed Cost $ 70,100 41,600 10,300 7,600 33,900 $ 163,500 Fixed Budget (7,700 units) $ 770,000 NINA COMPANY Flexible Budget Performance Report Flexible Budget (7.400 units) Actual Results (7.400 units) < Prev 269,500 115,500 30,800 84,700 500,500 $ 269,500 70,100 41,600 10,300 7,600 33,900 163,500 $ 106,000 Prepare a flexible budget performance report for July at activity level of 7,400 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Variances Actual Results (7,400 units) $ 756,700 2 of 4 274,000 112,600 29,000 80,500 496,100 $ 260,600 70,100 42,800 10,300 7,600 30,600 161,400 $ 99,200 Navt Favorable/Unfavorable
Transcribed Image Text:Nina Company prepared the following fixed budget for July using 7,700 units for budgeted sales. Actual sales were 7,400 units and actual costs are shown below. For Month Ended July 31 Sales Variable costs Direct materials Direct labor Indirect materials. Sales commissions Total variable costs Contribution margin Fixed costs Depreciation-Machinery - Supervisor salary Insurance. Depreciation-office equipment Administrative salaries Total fixed costs Income For Month Ended July 31 Fixed Budget Sales Variable costs Variable Amount per Unit $ 100 35 15 4 11 65 $35 Total Fixed Cost $ 70,100 41,600 10,300 7,600 33,900 $ 163,500 Fixed Budget (7,700 units) $ 770,000 NINA COMPANY Flexible Budget Performance Report Flexible Budget (7.400 units) Actual Results (7.400 units) < Prev 269,500 115,500 30,800 84,700 500,500 $ 269,500 70,100 41,600 10,300 7,600 33,900 163,500 $ 106,000 Prepare a flexible budget performance report for July at activity level of 7,400 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Variances Actual Results (7,400 units) $ 756,700 2 of 4 274,000 112,600 29,000 80,500 496,100 $ 260,600 70,100 42,800 10,300 7,600 30,600 161,400 $ 99,200 Navt Favorable/Unfavorable
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