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Bryant Company's budgeted prices for direct materials, direct manufacturing labour, and direct marketing (distribution) labour per attaché case are $41, $9, and $14, respectively. The president is pleased with the following performance report: Actual Costs Static Budget Direct materials Direct manufacturing labour Direct marketing (distribution) labour $ 407,800 $ 95,000 141,200 Variance 442,800 $ 35,000 F 97,200 151,200 2,200 F 10,000 F Actual output was 9,400 attaché cases. Assume all three direct-cost items above are variable costs. Requirement Is the president's pleasure justified? Prepare a revised performance report that uses a flexible budget and a static budget. Prepare a revised performance report that uses a flexible budget and a static budget. Begin with the actual results, then complete the flexible budget columns and the static budget columns. Label each variance as favourable or unfavourable. (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label.) Output units Direct materials Direct manufacturing labour Direct marketing labour Total direct costs Actual Results Flexible-Budget Variance Flexible Budget Sales-Volume Variance Static Budget

Bryant Company's budgeted prices for direct materials, direct manufacturing labour, and direct marketing (distribution) labour per attaché case are $41, $9, and $14, respectively. The president is pleased with the following performance report: Actual Costs Static Budget Direct materials Direct manufacturing labour Direct marketing (distribution) labour $ 407,800 $ 95,000 141,200 Variance 442,800 $ 35,000 F 97,200 151,200 2,200 F 10,000 F Actual output was 9,400 attaché cases. Assume all three direct-cost items above are variable costs. Requirement Is the president's pleasure justified? Prepare a revised performance report that uses a flexible budget and a static budget. Prepare a revised performance report that uses a flexible budget and a static budget. Begin with the actual results, then complete the flexible budget columns and the static budget columns. Label each variance as favourable or unfavourable. (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label.) Output units Direct materials Direct manufacturing labour Direct marketing labour Total direct costs Actual Results Flexible-Budget Variance Flexible Budget Sales-Volume Variance Static Budget

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 1CMA: Taylor Corporation is analyzing the cost behavior of three cost items, A, B, and C, to budget for...
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Bryant Company's budgeted prices for direct materials, direct manufacturing labour, and direct marketing (distribution) labour per attaché case are $41, $9, and $14, respectively. The president is pleased with the following performance report: Actual Costs Static Budget Direct materials Direct manufacturing labour Direct marketing (distribution) labour $ 407,800 $ 95,000 141,200 Variance 442,800 $ 35,000 F 97,200 2,200 F 151,200 10,000 F Actual output was 9,400 attaché cases. Assume all three direct-cost items above are variable costs. Requirement Is the president's pleasure justified? Prepare a revised performance report that uses a flexible budget and a static budget. Prepare a revised performance report that uses a flexible budget and a static budget. Begin with the actual results, then complete the flexible budget columns and the static budget columns. Label each variance as favourable or unfavourable. (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label.) Output units Direct materials Direct manufacturing labour Direct marketing labour Total direct costs Actual Results Flexible-Budget Variance Flexible Budget Sales-Volume Variance Static Budget
Transcribed Image Text:Bryant Company's budgeted prices for direct materials, direct manufacturing labour, and direct marketing (distribution) labour per attaché case are $41, $9, and $14, respectively. The president is pleased with the following performance report: Actual Costs Static Budget Direct materials Direct manufacturing labour Direct marketing (distribution) labour $ 407,800 $ 95,000 141,200 Variance 442,800 $ 35,000 F 97,200 2,200 F 151,200 10,000 F Actual output was 9,400 attaché cases. Assume all three direct-cost items above are variable costs. Requirement Is the president's pleasure justified? Prepare a revised performance report that uses a flexible budget and a static budget. Prepare a revised performance report that uses a flexible budget and a static budget. Begin with the actual results, then complete the flexible budget columns and the static budget columns. Label each variance as favourable or unfavourable. (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label.) Output units Direct materials Direct manufacturing labour Direct marketing labour Total direct costs Actual Results Flexible-Budget Variance Flexible Budget Sales-Volume Variance Static Budget
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