Homework Help is Here – Start Your Trial Now!
Business
Accounting
Sales revenue Variable costs: Materials Direct labor Variable overhead Fournier Fixtures Flexible Budget Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profit $ 0 ᏌᏊ $ 0 EAEA $ 0 $ 0 Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Master Budget (based on Actual (based on budgeted orders actual orders for for 355,000 units) $ 7,100,000 Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Required: Prepare a flexible budget for Fournier Fixtures. Note: Do not round intermediate calculations. 397,600 units) $ 7,554,400 2,611,600 232,000 1,189,600 864,000 $ 4,897,200 $ 2,657,200 1,578,000 495,400 318,000 $ 2,391,400 $ 265,800 2,320,000 212,000 1,058,000 774,000 $ 4,364,000 $ 2,736,000 1,600,000 480,000 345,000 $ 2,425,000 $ 311,000

Sales revenue Variable costs: Materials Direct labor Variable overhead Fournier Fixtures Flexible Budget Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profit $ 0 ᏌᏊ $ 0 EAEA $ 0 $ 0 Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Master Budget (based on Actual (based on budgeted orders actual orders for for 355,000 units) $ 7,100,000 Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Required: Prepare a flexible budget for Fournier Fixtures. Note: Do not round intermediate calculations. 397,600 units) $ 7,554,400 2,611,600 232,000 1,189,600 864,000 $ 4,897,200 $ 2,657,200 1,578,000 495,400 318,000 $ 2,391,400 $ 265,800 2,320,000 212,000 1,058,000 774,000 $ 4,364,000 $ 2,736,000 1,600,000 480,000 345,000 $ 2,425,000 $ 311,000

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 16MC: Under variable costing, a unit of product includes which costs? direct material, direct labor, and...
See similar textbooks
icon
Related questions
Question

I need the answer to price variance and efficieny overhead total variance for Variable Overhead

Sales revenue Variable costs: Materials Direct labor Variable overhead Fournier Fixtures Flexible Budget Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profit $ 0 ᏌᏊ $ 0 EAEA $ 0 $ 0
Transcribed Image Text:Sales revenue Variable costs: Materials Direct labor Variable overhead Fournier Fixtures Flexible Budget Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profit $ 0 ᏌᏊ $ 0 EAEA $ 0 $ 0
Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Master Budget (based on Actual (based on budgeted orders actual orders for for 355,000 units) $ 7,100,000 Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Required: Prepare a flexible budget for Fournier Fixtures. Note: Do not round intermediate calculations. 397,600 units) $ 7,554,400 2,611,600 232,000 1,189,600 864,000 $ 4,897,200 $ 2,657,200 1,578,000 495,400 318,000 $ 2,391,400 $ 265,800 2,320,000 212,000 1,058,000 774,000 $ 4,364,000 $ 2,736,000 1,600,000 480,000 345,000 $ 2,425,000 $ 311,000
Transcribed Image Text:Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Master Budget (based on Actual (based on budgeted orders actual orders for for 355,000 units) $ 7,100,000 Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Required: Prepare a flexible budget for Fournier Fixtures. Note: Do not round intermediate calculations. 397,600 units) $ 7,554,400 2,611,600 232,000 1,189,600 864,000 $ 4,897,200 $ 2,657,200 1,578,000 495,400 318,000 $ 2,391,400 $ 265,800 2,320,000 212,000 1,058,000 774,000 $ 4,364,000 $ 2,736,000 1,600,000 480,000 345,000 $ 2,425,000 $ 311,000
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Financial & Managerial Accounting
Financial & Managerial Accounting
Accounting
ISBN:
9781285866307
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial & Managerial Accounting
Financial & Managerial Accounting
Accounting
ISBN:
9781337119207
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Accounting (Text Only)
Accounting (Text Only)
Accounting
ISBN:
9781285743615
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS