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Harlow Parts Superior Plant Master Budget (For July) Quantity Revenue Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margin Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit The following operating income statement shows the actual results for July: Harlow Parts Superior Plant Operating Results (For July) Quantity (units) Revenue Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margin Fixed manufacturing cost Fixed Selling, General and Administrative cost 8,160 $ 1,550,400 587,520 97,920 $ 864,960 208,000 366,000 $ 290,960 Operating profit 9,560 $ 1,750,800 764,394 110,640 $ 875,766 219,040 376,000 $ 280,726 Required: Prepare a profit variance analysis for the Superior Plant for July. (Do not round inte

Harlow Parts Superior Plant Master Budget (For July) Quantity Revenue Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margin Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit The following operating income statement shows the actual results for July: Harlow Parts Superior Plant Operating Results (For July) Quantity (units) Revenue Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margin Fixed manufacturing cost Fixed Selling, General and Administrative cost 8,160 $ 1,550,400 587,520 97,920 $ 864,960 208,000 366,000 $ 290,960 Operating profit 9,560 $ 1,750,800 764,394 110,640 $ 875,766 219,040 376,000 $ 280,726 Required: Prepare a profit variance analysis for the Superior Plant for July. (Do not round inte

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Harlow Parts Superior Plant Master Budget (For July) Quantity Revenue Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margin Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit The following operating income statement shows the actual results for July: Harlow Parts Superior Plant Operating Results (For July) Quantity (units) Revenue Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margin 8,160 $ 1,550,400 587,520 97,920 $ 864,960 208,000 366,000 $ 290,960 Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit 9,560 $ 1,750,800 764,394 110,640 $ 875,766 219,040 376,000 $ 280,726 Required: Prepare a profit variance analysis for the Superior Plant for July. (Do not round inter variance hy selecting "F" for favorable or "II" for unfavorahle If there is no affar < Prev 9 of 10 tv ‒‒‒ T zoom
Transcribed Image Text:Harlow Parts Superior Plant Master Budget (For July) Quantity Revenue Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margin Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit The following operating income statement shows the actual results for July: Harlow Parts Superior Plant Operating Results (For July) Quantity (units) Revenue Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margin 8,160 $ 1,550,400 587,520 97,920 $ 864,960 208,000 366,000 $ 290,960 Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit 9,560 $ 1,750,800 764,394 110,640 $ 875,766 219,040 376,000 $ 280,726 Required: Prepare a profit variance analysis for the Superior Plant for July. (Do not round inter variance hy selecting "F" for favorable or "II" for unfavorahle If there is no affar < Prev 9 of 10 tv ‒‒‒ T zoom
Contribution margin. Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit Required: Prepare a profit variance analysis for the Superior Plant for July. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Quantity Revenue Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margin Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit Actuals 9,560 $1,750,800 764,394 110,640 875,766 219,040 $ $ $ 875,766 219,040 376,000 $ 280,726 376,000 280,726 Manufacturing Variances Profit Variance Analysis Selling, General and Administrative Variances Sales Price Variance Flexible Budget Sales Activity Variance $ $ M B ::: (+ 100% e NI+
Transcribed Image Text:Contribution margin. Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit Required: Prepare a profit variance analysis for the Superior Plant for July. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Quantity Revenue Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margin Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit Actuals 9,560 $1,750,800 764,394 110,640 875,766 219,040 $ $ $ 875,766 219,040 376,000 $ 280,726 376,000 280,726 Manufacturing Variances Profit Variance Analysis Selling, General and Administrative Variances Sales Price Variance Flexible Budget Sales Activity Variance $ $ M B ::: (+ 100% e NI+
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