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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

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

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter22: Budgeting
Section: Chapter Questions
Problem 4CMA: Krouse Company produces two products, forged putter heads and laminated putter heads, which are sold...
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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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