Sunshine Goods Ltd is a revenue maximizing firm that engages in the analysis of variances to provide useful information to management. The company manufactures and sells three (3) products, RG, KC and MG. During July 2019 the following budgeted and actual results were presented to you the management accountant for analysis:   Budgeted Results Product Total Sales $ Volume/units Price $ Contribution margin per unit $ Total contribution margin $ RG 585,000 900 650 820 738,000 KC 500,000 500 1,000 850 425,000 MG 300,000 600 500 720 432,000 Total   2,000     1,595,000   Actual Results Product Total Sales $ Volume/units Price $ Contribution margin per unit $ Total contribution margin $ RG 500,000 500 1,000 800 400,000 KC 270,000 300 900 `900 270,000 MG 105,000 350 300 700 245,000 Total   1,150     915,000   Required: Sales margin price variance.  Sales margin mixture variance.  Sales margin volume variance.

The Culver Division operates as a profit center. It reports the following for the year ending December 31, 2022. Sales Variable costs Controllable fixed costs Noncontrollable fixed costs Budgeted $2,320,000 V 928,000 458,000 290,000 $ Actual tA $2,192,400 881,600 Prepare a responsibility report for the Culver Division at December 31, 2022. 458,000 290,000 Budget $ tA $ CULVER DIVISION Responsibility Report Actual $ LA Difi Fa Unfa Neithel nor Ur

Preparing a flexible budget performance report Murphy Company managers received the following incomplete performance report: Complete the performance report. Identify the employee group that may deserve praise and the group that may be subject to criticism. Give your reasoning.

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How do I verify that Harlows actual cost figures are correct?

es Required information [The following information applies to the questions displayed below.] Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates for budgeting purposes and the actual results for May as shown below. Revenue Employee salaries and wages Travel expenses Other expenses Fixed Element per Month $ 50,000 $ 36,000 Variable Element per Customer Served $ 5,000 $ 1,100 Actual Total for May $ 160,000 $ 88,000 $ 600 $ 19,000 $ 34,500 When preparing its planning budget, the company estimated it would serve 30 customers per month; however, during May the company actually served 35 customers. Required: 1. What amount of revenue would be included in Adger's flexible budget for May?

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The following information in respect of a production process is available for the month of April 2023. Budgeted Actual Output Units 120000 130000 Hours 120000 132000 Fixed Overheads 180000 200000 Variable Overheads 240000 272000 Working Days 100 104 Compute the relevant overheads variances.

Your managerial accountant provided you with information comparing the actual results to the budgeted amounts for the period:      Static Flexible Actual Quantity 3,200 DL hours 2,900 hours 2,900 hours Price $15 per hour $15 per hour $18 per hour Total Costs $48,000 $43,500 $52,200   Based on the information provided, select all of the true statements from the following options:  Your managerial accountant provided you with information comparing the actual results to the budgeted amounts for the period:      Static Flexible Actual Quantity 3,200 DL hours 2,900 hours 2,900 hours Price $15 per hour $15 per hour $18 per hour Total Costs $48,000 $43,500 $52,200   Based on the information provided, select all of the true statements from the following options:  The price variance is $8,700, favorable The price variance is $8,700, unfavorable The total budget variance is $42,000, favorable The price variance is $3.00, favorable The…

Prepare a 12-month Master Budget for a company of your choosing. It can be a company that you are closely connect too or one randomly selected. COMPLETED IN EXCEL. As you are preparing the Master Budget, some information is NOT provided. You are required to decide or predict or forecast this information. Provide an introduction for the company you have chosen. The introduction should include the following: Name of company Location of company Name of owner Nature of the business. Type of product Fiscal period For the company that you have selected - Prepare a 12-month Master Budget. Your submission must show each month’s activities. Here are some considerations to include in preparing the budget: You must forecast your sales, purchases, direct labour and manufacturing overhead for each month and any other information as required All sales are on accounts Expected collections are to be 50% in the month of the sale, 30 % in the first month following the sale, and 20% in the second…