Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. robinson company has two products, a and b. robins

Robinson Company has two products, A and B. Robinson's budget for August follows:...

50.1K

Verified Solution

Question

Accounting

image

Robinson Company has two products, A and B. Robinson's budget for August follows: Sales Variable cost Contribution margin Fixed cost Operating income Selling price Master Budget Product A Product B $ 226,800 $ 432,000 136,800 324,000 $ 90,000 $ 108,000 82,800 36,000 $ 7,200 $ 72,000 $ 126 $ 60 On September 1, these operating results for August were reported: Sales Variable cost Contribution margin Fixed cost Operating income Units sold Operating Results Product A Product B $ 99,750 $ 530,100 66,500 410,400 $ 33,250 $ 119,700 82,800 36,000 $ (49,550) $ 83,700 950 8,550 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 Sales quantity variance d. Sales mix variance C

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

Psychology
1.2K views

Find and analyze URL and make a case supporting animal research in psychology. Indicate the website Find...

Biology
1.2K views

Question 3 Where does translation take place A nucleus B endoplasmic reticulum C golgi apparatus...

Biology
1.2K views

In Polymerase Chain Reaction or PCR The RNA needs to be denatured first A heating...

Biology
1.2K views

Identify the bone

Geometry
1.2K views

In Exercises 1 and 2 classify the triangle by its sides and by measuring Its...

Geometry
1.2K views

9 Convert the exponents write in exponential form 33 34 3x2 58 x 53 65...

Basic Math
1.2K views

Given this code if a 0 printf Option1 n else if a 4 0 printf...

Algebra
1.2K views

8 Use the figure to find the exact value of the trigonometric functions sin0 2...

Accounting
1.2K views

Exercise 14-11(Algo) Preference Ranking of Investment Projects [L014-5] Oxford Company has limited...

Accounting
1.2K views

In terms of the accounting equation, where are changes in revenue and expense accounts recorded

Accounting
1.2K views

PR 7-34 (Algo) Basic CVP Relationships; Retailer (LO 7-1, 7-2, 7-4) Disk City, Incorporated, is...

Accounting
1.2K views

Shamberly Corp. is a calendar year, accrual basis corporation that has been in business for...