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: Actual (based on actual orders for 445,200 units) $ 8,458,800 Master Budget (based on budgeted orders for 397,500 units) $ 7,950,000 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 sales activity variance analysis for Fournier Fixtures. 2,710,200 249,000 1,271,200 898,000 $ 5,128,400 $ 3,330,400 2,405,000 229,000 1,126,000 808,000 $ 4,568,000 $ 3,382,000 1,731,000 668,800 471,000 $2,870,800 $ 459,600 1,770,000 650,000 515,000 $ 2,935,000 $ 447,000 Note: Do not round Intermediate calculations. Indicate the effect of each varlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select elther option. Sales revenue Variable costs: Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution marin Fournier Fixtures Sales Activity Variance Flexible Budget Sales Activity Ma Variance

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
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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:
Actual (based on
actual orders for
445,200 units)
$ 8,458,800
Master Budget
(based on
budgeted orders
for 397,500
units)
$ 7,950,000
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 sales activity variance analysis for Fournier Fixtures.
2,710,200
249,000
1,271,200
898,000
$ 5,128,400
$ 3,330,400
2,405,000
229,000
1,126,000
808,000
$ 4,568,000
$ 3,382,000
1,731,000
668,800
471,000
$2,870,800
$ 459,600
1,770,000
650,000
515,000
$ 2,935,000
$ 447,000
Note: Do not round Intermediate calculations. Indicate the effect of each varlance by selecting "F" for favorable, or "U" for
unfavorable. If there is no effect, do not select elther option.
Sales revenue
Variable costs:
Materials
Direct labor
Variable overhead
Variable marketing and administrative
Total variable costs
Contribution marin
Fournier Fixtures
Sales Activity Variance
Flexible Budget
Sales Activity
Ma
Variance
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: Actual (based on actual orders for 445,200 units) $ 8,458,800 Master Budget (based on budgeted orders for 397,500 units) $ 7,950,000 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 sales activity variance analysis for Fournier Fixtures. 2,710,200 249,000 1,271,200 898,000 $ 5,128,400 $ 3,330,400 2,405,000 229,000 1,126,000 808,000 $ 4,568,000 $ 3,382,000 1,731,000 668,800 471,000 $2,870,800 $ 459,600 1,770,000 650,000 515,000 $ 2,935,000 $ 447,000 Note: Do not round Intermediate calculations. Indicate the effect of each varlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select elther option. Sales revenue Variable costs: Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution marin Fournier Fixtures Sales Activity Variance Flexible Budget Sales Activity Ma Variance
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