In September, Numbers Incorporated sold 40,000 units of its only product for $240,000, and incurred a total cost of $225,000, of which $25,000 was fixed costs. The flexible budget for September showed total sales of $300,000. Among variances of the period were: total variable cost flexible-budget variance, $8,000U; total flexible-budget variance, $63,000U; and, sales volume variance, in terms of contribution margin, $27,000U. The amount of operating income in the flexible budget (FB) for September was:

The master budget at Monroe Manufacturing last period called for sales of 42,300 units at $45 each. The costs were estimated to be $29 variable per unit and $527,000 fixed. During the period, actual production and actual sales were 45,300 units. The selling price was $44 per unit. Variable costs were $31 per unit. Actual fixed costs were $518,000. Required: Prepare a profit variance analysis. Note: 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. Monroe Manufacturing Profit Variance Analysis   Actual Manufacturing Variances Sales Price Variance Flexible Budget Sales Activity Variance Master Budget Sales revenue                   Less:                   Variable costs                   Contribution margin $ 0         $ 0     $ 0 Less:                   Fixed costs                   Operating profits $ 0         $ 0     $ 0…

Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $80 per unit and variable costs of $35 per unit. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. For Month Ended June 30 Sales Variable costs Contribution margin Fixed costs Income Flexible Budget Performance Report Flexible Budget Actual Results (11,300 units) (11,300 units) 508,500 275,000 356,000 290,000 Variances Favorable or Unfavorable 31,000 Favorable $

In September, Numbers Incorporated sold 40,000 units of its only product for $361,000, and incurred a total cost of $335,000, of which $36,000 was fixed costs. The flexible budget for September showed total sales of $410,000. Among variances of the period were: total variable cost flexible-budget variance, $9,000U; total flexible-budget variance, $70,000U; and, sales volume variance, in terms of contribution margin, $38,000U. The sales volume variance, in terms of operating income, for September was: Multiple Choice О $122,000 unfavorable. $87,000 unfavorable. O $21,000 unfavorable. $32,000 unfavorable.

Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavo The company budgets a selling price of $81 per unit and variable costs of $35 per unit. (Indicate the effect of each variance selecting favorable, unfavorable, or no variance.) For Month Ended June 30 Sales Variable costs Contribution margin Fixed costs Income Flexible Budget Performance Report Flexible Budget Actual Results (11,400 units) (11,400 units) 524,400 276,000 357,000 291,000 Variances Favorable/Unfavorable $ 21,600 Favorable

Wildhorse Corporation budgeted $132,000 for its fixed-MOH cost going into the current year. Its actual fixed-MOH cost came in on budget, but it produced and sold 2,500 units instead of the budgeted 3,300. Wildhorse's actual variable manufacturing costs came in on budget at $51 per unit. What is Wildhorse's fixed-MOH volume variance for this year, recognizing that it uses standard costs within is absorption costing system? What is the company's initial COGS (before any variance is considered) and also its adjusted COGS after writing off that variance directly to COGS? Fixed-MOH volume variance $ Unadjusted COGS $ Adjusted COGS $ Unfavorable

None

Baxter Corporation's master budget calls for the production of 6,900 units per month and $256,680 indirect labor costs for the year. Baxter considers indirect labor as a component of variable factory overhead cost. During April, the company produced 4,690 units and incurred indirect labor costs of $13,200. What amount would be reported in April as a flexible-budget variance for indirect labor? is this variance favorable (F) or unfavorable (U)? (Leave no cell blank; if there is no effect enter "0" and select "None" from dropdown. Do not round intermediate calculations.) Flexible-budget variance

In September, Numbers Incorporated sold 40,000 units of its only product for $460,000, and incurred a total cost of $425,000, of which $45,000 was fixed costs. The flexible budget for September showed total sales of $500,000. Among variances of the period were: total variable cost flexible-budget variance, $8,000U; total flexible-budget variance, $79,000U; and, sales volume variance, in terms of contribution margin, $47,000U. The sales volume variance, in terms of operating income, for September was:   Multiple Choice   $47,000 unfavorable.   $32,000 unfavorable.   $149,000 unfavorable.   $20,000 unfavorable.   $95,000 unfavorable.