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Nina Company prepared the following fixed budget for July using 7,680 units for budgeted sales. Actual sales were 7,380 units and actual costs are shown below. For Month Ended July 31 Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions. Total variable costs. Contribution margin Fixed costs Depreciation Machinery Supervisor salary Insurance Depreciation-office equipment Administrative salaries. Total fixed costs Income For Month Ended July 31. Sales Variable costs Direct materials Graded Assignment For Month Ended July 31 Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions Total Variable Costs Fixed Budget Variable. Amount per Unit $ 100 Contribution margin Fixed costs Depreciation Machinery Supervisory salary Insurance Depreciation Office equipment Administrative salaries Total Fixed Costs 35 15 4 Income 11 65 $ 35 Total Fixed Cost $ 69,910 41,490 10,270 7,580 33,900 $ 163,150 Prepare a flexible budget performance report for July at activity level of 7,380 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Fixed Budget (7,680 units) $ 768,000 NINA COMPANY Flexible Budget Performance Report Flexible Actual Budget Results (7,380 units) (7,380 units) 0 499,200 $ 268,800 0 268,800. 115,2007 30,720 84,480 NINA COMPANY Flexible Budget Performance Report Flexible Budget (7,380 units) 10,270 7,580 33,900 163,150 $ 105,650 Prepare a flexible budget performance report for July at activity level of 7,380 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Results (7.380 units) 69,910 41,490 0 Variances Actual Results (7,380 units) $ 754,730 273,280 112,300 28,920 80,290 494,790 $ 259,940 Variances 69,910 42,680 10,270 7,580 30,520 160,960 $98,980 Favorable/Unfavorable Favorable/Unfavorable

Nina Company prepared the following fixed budget for July using 7,680 units for budgeted sales. Actual sales were 7,380 units and actual costs are shown below. For Month Ended July 31 Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions. Total variable costs. Contribution margin Fixed costs Depreciation Machinery Supervisor salary Insurance Depreciation-office equipment Administrative salaries. Total fixed costs Income For Month Ended July 31. Sales Variable costs Direct materials Graded Assignment For Month Ended July 31 Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions Total Variable Costs Fixed Budget Variable. Amount per Unit $ 100 Contribution margin Fixed costs Depreciation Machinery Supervisory salary Insurance Depreciation Office equipment Administrative salaries Total Fixed Costs 35 15 4 Income 11 65 $ 35 Total Fixed Cost $ 69,910 41,490 10,270 7,580 33,900 $ 163,150 Prepare a flexible budget performance report for July at activity level of 7,380 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Fixed Budget (7,680 units) $ 768,000 NINA COMPANY Flexible Budget Performance Report Flexible Actual Budget Results (7,380 units) (7,380 units) 0 499,200 $ 268,800 0 268,800. 115,2007 30,720 84,480 NINA COMPANY Flexible Budget Performance Report Flexible Budget (7,380 units) 10,270 7,580 33,900 163,150 $ 105,650 Prepare a flexible budget performance report for July at activity level of 7,380 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Results (7.380 units) 69,910 41,490 0 Variances Actual Results (7,380 units) $ 754,730 273,280 112,300 28,920 80,290 494,790 $ 259,940 Variances 69,910 42,680 10,270 7,580 30,520 160,960 $98,980 Favorable/Unfavorable Favorable/Unfavorable

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 3E: Salisbury Bottle Company manufactures plastic two-liter bottles for the beverage industry. The cost...
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Nina Company prepared the following fixed budget for July using 7,680 units for budgeted sales. Actual sales were 7,380 units and actual costs are shown below. For Month Ended July 31 Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions, Total variable costs. Contribution margin Fixed costs Depreciation-Machinery Supervisor salary Insurance Depreciation-office equipment Administrative salaries Total fixed costs Income For Month Ended July 31. Sales Variable costs Direct materials Graded Assignment For Month Ended July 31 Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions Total Variable Costs Fixed Budget Contribution margin Fixed costs Depreciation Machinery Supervisory salary Insurance Depreciation Office equipment Administrative salaries Total Fixed Costs Variable. Amount per Unit $ 100 Income 35 15 4 11 65 $ 35 Total Fixed Cost $ 69,910 41,490 10,270 7,580 33,900 $ 163,150 Prepare a flexible budget performance report for July at activity level of 7,380 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Fixed Budget (7,680 units) $ 768,000 NINA COMPANY Flexible Budget Performance Report Flexible Budget (7,380 units) (7,380 units) 0 Actual Results 0 30,720 84,480 499,200 $ 268,800 268,800 115,200) NINA COMPANY Flexible Budget Performance Report Flexible Budget (7,380 units) 10,270 7,580 33,900 163,150 $ 105,650 Actual Results (7.380 units) Prepare a flexible budget performance report for July at activity level of 7,380 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) 69,910 41,490 0 Variances Actual Results (7,380 units) $ 754,730 273,280 112,300 28,920 80,290 494,790 $ 259,940. Variances 69,910 42,680 10,270 7,580 30,520 160,960 $98,980 Favorable/Unfavorable Favorable/Unfavorable
Transcribed Image Text:Nina Company prepared the following fixed budget for July using 7,680 units for budgeted sales. Actual sales were 7,380 units and actual costs are shown below. For Month Ended July 31 Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions, Total variable costs. Contribution margin Fixed costs Depreciation-Machinery Supervisor salary Insurance Depreciation-office equipment Administrative salaries Total fixed costs Income For Month Ended July 31. Sales Variable costs Direct materials Graded Assignment For Month Ended July 31 Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions Total Variable Costs Fixed Budget Contribution margin Fixed costs Depreciation Machinery Supervisory salary Insurance Depreciation Office equipment Administrative salaries Total Fixed Costs Variable. Amount per Unit $ 100 Income 35 15 4 11 65 $ 35 Total Fixed Cost $ 69,910 41,490 10,270 7,580 33,900 $ 163,150 Prepare a flexible budget performance report for July at activity level of 7,380 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Fixed Budget (7,680 units) $ 768,000 NINA COMPANY Flexible Budget Performance Report Flexible Budget (7,380 units) (7,380 units) 0 Actual Results 0 30,720 84,480 499,200 $ 268,800 268,800 115,200) NINA COMPANY Flexible Budget Performance Report Flexible Budget (7,380 units) 10,270 7,580 33,900 163,150 $ 105,650 Actual Results (7.380 units) Prepare a flexible budget performance report for July at activity level of 7,380 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) 69,910 41,490 0 Variances Actual Results (7,380 units) $ 754,730 273,280 112,300 28,920 80,290 494,790 $ 259,940. Variances 69,910 42,680 10,270 7,580 30,520 160,960 $98,980 Favorable/Unfavorable Favorable/Unfavorable
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