Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. master budget product a. product b $396,000 264,00

Master Budget Product A. Product B $396,000 264,000 $132,000 66,000 Sales $264,000 Variable cost 154,000...

50.1K

Verified Solution

Question

Accounting

image

Master Budget Product A. Product B $396,000 264,000 $132,000 66,000 Sales $264,000 Variable cost 154,000 $110,000 88,000 Contribution margin Fixed cost $ 22,000 $66,000 Operating income 120 Selling price 60 On September 1, these operating results for August were reported: Operating Results Product A Product B $198,000 117,000 $ 81,000 88,000 Sales $446,400 309,600 $136,800 66,000 Variable cost Contribution margin Fixed cost $ (7,000) $ 70,800 Operating income Units sold 1,800 7,200 Required: 1. For each product, determine the following variances measured in dollars of contribution margin: Product A Product B a. Flexible-budget variance b. Sales volume variance c. Sales quantity variance d. Sales mix variance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

An antagonist is a muscle that _____.a. sablizes a joint,b. directly performs a specific movement, c.contracts...

Medical Sciences
1.2K views

Biological Anthropology question: What are the three major changes in human evolution? Be specific

Advance Math
1.2K views

Given the triangle with vertices at (1,4), (4,3), and (2,-1), sketch the image after the given...

Biology
1.2K views

estion 7 Points 2 he economic boom of the 1920s was primarily caused by the...

Physics
1.2K views

A particle of charge 1 C moving with velocity V 21 31 m s experiences...

Calculus
1.2K views

A ladder 25 feet long is leaning against the wall of a building Initially the...

Accounting
1.2K views

Current Attempt in Progress Blossom Products Ltd. produces the following information from its...

Accounting
1.2K views

Saras Salsa Company produces its condiments in two types: Extra Fine for restaurant customers and...

Accounting
1.2K views

Elie Corporation's armual soles and net income data for the years 2014.2020 as woll as...

Accounting
1.2K views

Taxpayer conducts a business and has a turnover of $55m. On 1 September 2019...

Accounting
1.2K views

ApplyTexas Saved MC Qu. 87 Hayes Inc. provided the following information... Hayes Inc. provided the...

Accounting
1.2K views

Consolidation spreadsheet for continuous sale of inventory - Equity method Assume that a parent company...