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Item 24
Item 24
Time Remaining 45 minutes 55 seconds
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James Manufacturing had the following information available for July:
| | Actual Results | | Flexible Budget Variance | | Flexible Budget | | Sales Activity Variance | | Master Budget |
| Units | | 13,000 | | | | | | | | ? | | | | 2,000 | U | | | ? | |
| Sales revenue | | ? | | | $ | 13,000 | F | | | ? | | | | ? | | | | ? | |
| Less: | | | | | | | | | | | | | | | | | | | |
| Variable manufacturing costs | $ | 87,750 | | | | | | | $ | 91,000 | | | | ? | | | $ | 105,000 | |
| Variable marketing and administrative | | ? | | | $ | 3,250 | U | | | ? | | | $ | 4,000 | F | | $ | 30,000 | |
| Contribution margin | $ | 52,000 | | | | ? | | | | ? | | | $ | 6,000 | U | | | ? | |
| |
What was Jamess flexible budget contribution margin for July?
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