ournier Fixtures produces a variety of manufactured Items for the home and building Industry. The company produces only when it ecelves orders and, therefore, has no Inventories. The following information is available for the current month: 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 Actual (based on actual orders for 428,400 units) $ 8,139,600 2,675,400 243,000 1,242,400 886,000 5,046,800 $ $ 3,092,800 1,677,000 607,600 417,000 $ 2,701,600 $ 391,200 Master Budget (based on budgeted orders for 382,500 units) $ 7,650,000 2,375,000 223,000 1,102,000 796,000 $ 4,496,000 $ 3,154,000 1,710,000 590,000 455,000 $ 2,755,000 $ 399,000 Required: Prepare a sales activity variance analysis for Fournier Fixtures. Note: Do not round Intermediate calculations. Indicate the effect of each varlance by selecting "F" for favorable, or "U" for infavorable. If there is no effect, do not select either option.
ournier Fixtures produces a variety of manufactured Items for the home and building Industry. The company produces only when it ecelves orders and, therefore, has no Inventories. The following information is available for the current month: 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 Actual (based on actual orders for 428,400 units) $ 8,139,600 2,675,400 243,000 1,242,400 886,000 5,046,800 $ $ 3,092,800 1,677,000 607,600 417,000 $ 2,701,600 $ 391,200 Master Budget (based on budgeted orders for 382,500 units) $ 7,650,000 2,375,000 223,000 1,102,000 796,000 $ 4,496,000 $ 3,154,000 1,710,000 590,000 455,000 $ 2,755,000 $ 399,000 Required: Prepare a sales activity variance analysis for Fournier Fixtures. Note: Do not round Intermediate calculations. Indicate the effect of each varlance by selecting "F" for favorable, or "U" for infavorable. If there is no effect, do not select either option.
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter18: Activity-based Costing
Section: Chapter Questions
Problem 21E: Bounce Back Insurance Company carries three major lines of insurance: auto, workers compensation,...
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