Homework Help is Here – Start Your Trial Now!
Business
Accounting
omework 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 actual orders for 414,400 units) $ 7,873,600 2,646,400 238,000 1,218,400 876,000 $ 4,978,800 for 370,000 units) $ 7,400,000 2,350,000 218,000 1,082,000 786,000 $ 4,436,000 $ 2,894,800 $ 2,964,000 1,632,000 556,600 372,000 $ 2,560,600 $ 334,200 1,660,000 540,000 405,000 $ 2,605,000 $ 359,000 Required: Saved Prepare a profit variance analysis for Fournier Fixtures Note: 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. Fournier Fixtures Profit Variance Analysis Sales revenue Variable costs: Materials Manufacturing Actual Variances $ 7,873,600 Marketing and Administrative Sales Price Variance Variances $ 414,400 U Flexible Budget $ 8,288,000 $ Sales Activity Variance Master Budget 888,000 F $ 7,400,000 2,646,400 $ 14,400 U 2,632,000 282,000 U Direct labor 238,000 6,160 F 244,160 26,160 U 2,350,000 218,000 Variable overhead 1,218,400 6,560 U Variable marketing and administrative 876,000 4,320 F 1,211,840 880,320 129,840 U Total variable costs $ 4,978,800 2 Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profits $ 2,894,800 Խ $ 4,968,320 $ $ 3,319,680 s 94,320 U 532,320 U 355,680 F 1,082,000 786,000 1,632,000 28,000 F 556,600 16,600 U 372,000 33,000 F 2,560,600 $ 28,000 F $ 16,400 F 1,660,000 540,000 405,000 $ 2,605,000 $ 4,436,000 $2,964,000 1,660,000 540,000 405,000 $ 2,605,000 334,200 F บ 714,680 $ 355,680 F $ 359,000

omework 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 actual orders for 414,400 units) $ 7,873,600 2,646,400 238,000 1,218,400 876,000 $ 4,978,800 for 370,000 units) $ 7,400,000 2,350,000 218,000 1,082,000 786,000 $ 4,436,000 $ 2,894,800 $ 2,964,000 1,632,000 556,600 372,000 $ 2,560,600 $ 334,200 1,660,000 540,000 405,000 $ 2,605,000 $ 359,000 Required: Saved Prepare a profit variance analysis for Fournier Fixtures Note: 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. Fournier Fixtures Profit Variance Analysis Sales revenue Variable costs: Materials Manufacturing Actual Variances $ 7,873,600 Marketing and Administrative Sales Price Variance Variances $ 414,400 U Flexible Budget $ 8,288,000 $ Sales Activity Variance Master Budget 888,000 F $ 7,400,000 2,646,400 $ 14,400 U 2,632,000 282,000 U Direct labor 238,000 6,160 F 244,160 26,160 U 2,350,000 218,000 Variable overhead 1,218,400 6,560 U Variable marketing and administrative 876,000 4,320 F 1,211,840 880,320 129,840 U Total variable costs $ 4,978,800 2 Contribution margin Fixed costs: Manufacturing overhead Marketing Administrative Total fixed costs Operating profits $ 2,894,800 Խ $ 4,968,320 $ $ 3,319,680 s 94,320 U 532,320 U 355,680 F 1,082,000 786,000 1,632,000 28,000 F 556,600 16,600 U 372,000 33,000 F 2,560,600 $ 28,000 F $ 16,400 F 1,660,000 540,000 405,000 $ 2,605,000 $ 4,436,000 $2,964,000 1,660,000 540,000 405,000 $ 2,605,000 334,200 F บ 714,680 $ 355,680 F $ 359,000

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
Chapter7: Variable Costing For Management analysis
Section: Chapter Questions
Problem 4BE
See similar textbooks
icon
Related questions
Question
omework Saved 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 profit variance analysis for Fournier Fixtures actual orders for 414,400 units) $ 7,873,600 2,646,400 238,000 1,218,400 876,000 $ 4,978,800 $ 2,894,800 1,632,000 556,600 372,000 $ 2,560,600 $ 334,200 for 370,000 units) $ 7,400,000 2,350,000 218,000 1,082,000 786,000 $ 4,436,000 $ 2,964,000 1,660,000 540,000 405,000 $ 2,605,000 $ 359,000 Note: 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. Fournier Fixtures Profit Variance Analysis Manufacturing Actual Marketing and Administrative Sales Price Variance Variances Variances Sales revenue Variable costs: Materials $ 7,873,600 $ 414,400 U Flexible Budget $$ 8,288,000 $ Sales Activity Variance Master Budget 888,000 $ 7,400,000 2,646,400 $ 14,400 U Direct labor 238,000 6,160 F 2,632,000 244,160 282,000 U 26,160 U Variable overhead 1,218,400 6,560 U Variable marketing and administrative 876,000 $ 4,320 F 1,211,840 880,320 Total variable costs $ 4,978,800 2 $ 4,968,320 $ Administrative Contribution margin Fixed costs: Manufacturing overhead Marketing Total fixed costs $ 2,894,800 2 խ $ 3,319,680 $ 129,840 U 94,320 U 532,320 U 355,680 2,350,000 218,000 1,082,000 786,000 $ 4,436,000 $ 2,964,000 1,632,000 28,000 F 1,660,000 556,600 16,600 U 372,000 33,000 F 540,000 405,000 $ 2,560,600 $ 28,000 F $ 16,400 F $ 334,200 2 $ 2,605,000 $ 714,680 $ 355,680 F $ 359,000 1,660,000 540,000 405,000 $ 2,605,000 Operating profits
Transcribed Image Text:omework Saved Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Required: Prepare a profit variance analysis for Fournier Fixtures actual orders for 414,400 units) $ 7,873,600 2,646,400 238,000 1,218,400 876,000 $ 4,978,800 $ 2,894,800 1,632,000 556,600 372,000 $ 2,560,600 $ 334,200 for 370,000 units) $ 7,400,000 2,350,000 218,000 1,082,000 786,000 $ 4,436,000 $ 2,964,000 1,660,000 540,000 405,000 $ 2,605,000 $ 359,000 Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Fournier Fixtures Profit Variance Analysis Manufacturing Actual Marketing and Administrative Sales Price Variance Variances Variances Sales revenue Variable costs: Materials $ 7,873,600 $ 414,400 U Flexible Budget $$ 8,288,000 $ Sales Activity Variance Master Budget 888,000 $ 7,400,000 2,646,400 $ 14,400 U Direct labor 238,000 6,160 F 2,632,000 244,160 282,000 U 26,160 U Variable overhead 1,218,400 6,560 U Variable marketing and administrative 876,000 $ 4,320 F 1,211,840 880,320 Total variable costs $ 4,978,800 2 $ 4,968,320 $ Administrative Contribution margin Fixed costs: Manufacturing overhead Marketing Total fixed costs $ 2,894,800 2 խ $ 3,319,680 $ 129,840 U 94,320 U 532,320 U 355,680 2,350,000 218,000 1,082,000 786,000 $ 4,436,000 $ 2,964,000 1,632,000 28,000 F 1,660,000 556,600 16,600 U 372,000 33,000 F 540,000 405,000 $ 2,560,600 $ 28,000 F $ 16,400 F $ 334,200 2 $ 2,605,000 $ 714,680 $ 355,680 F $ 359,000 1,660,000 540,000 405,000 $ 2,605,000 Operating profits
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Accounting (Text Only)
Accounting (Text Only)
Accounting
ISBN:
9781285743615
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS