The following dashboard shows information from a company's fixed budget for 12,000 units of production and sales, and actual results for 12,500 units of production and sales. Budgeted sales Actual sales Budgeted variable costs Actual variable costs Budgeted fixed costs $48,000 Actual fixed costs $46,000 Enter answers in the tabs below. Required 1 Required 2 $108,000 $137,500 Compute the flexible budget income at the actual production and sales level of 12,500 units. ------Flexible Budget------ ------Flexible Budget at ------ Variable Amount per Unit Total Fixed Cost 12,500 units Contribution margin $ 0 0 $ 0 < Required 1 Required 2 > $180,000 $195,000

Zachary Manufacturing Company established the following standard price and cost data.          Sales price $ 8.60 per unit Variable manufacturing cost   4.00 per unit Fixed manufacturing cost   2,900 total Fixed selling and administrative cost   800 total     Zachary planned to produce and sell 2,100 units. Actual production and sales amounted to 2,300 units.   Required Prepare the pro forma income statement in contribution format that would appear in a master budget. Prepare the pro forma income statement in contribution format that would appear in a flexible budget. Prepare the pro forma income statement in contribution format that would appear in a master budget.         ZACHARY MANUFACTURING COMPANY Pro Forma Income Statement   Master Budget           0               $0 Prepare the pro forma income statement in contribution format that would appear in a flexible budget.…

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?

Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 20,400 units of production shows sales of $550,800; variable costs of $61,200; and fixed costs of $142,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 26,700 units at $674,900. Actual variable costs were $113,300 and actual fixed costs were $137,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Sales Variable costs Contribution margin Fixed costs Income $ Flexible Budget Performance Report Flexible Budget Actual Results 0 0 $ 0 0 Variances Favorable/ Unfavorable Unfavorable Unfavorable Unfavorable Favorable Unfavorable

The following data have been extracted from the budgets of Kelvin Ltd,a company that manufacture and sells a single product $per unit Selling price Direct material cost Direct wages Variable overhead Fixed overhead 45 10 4 2.50 1.50 Fixed production overhead costs are budgeted at $400,000 per annum. Normal production levels are expected to be 200,000 units per annum. Actual Fixed Production overheads are $120,000 Budgeted administration costs are $120,000 per annum. The following pattern of sales and production is expected during 2003: Sales (units) Production (units) 60,000 70,000 You are required a. To prepare budgeted profit statements for the year using (i) (ii) Marginal Costing Absorption Costing b. To reconcile the profits for the year

The following information was drawn from the accounting records of Smith Company    Static Budget   Flexible Budget   Actual Results   Sales   $ 12,000         $ 16,000         $ 17,500       Cost of Goods Sold     (6,400 )         (8,000 )         (7,100 )     Gross Margin     5,600           8,000           10,400       Variable Cost     (2,400 )         (3,000 )         (3,600 )     Fixed Cost     (1,400 )         (1,400 )         (1,700 )     Net Income   $ 1,800         $ 3,600         $ 5,100         Based on this information the Multiple Choice   sales price flexible budget variance is a $5,500 unfavorable variance.   sales price flexible budget variance is a $1,500 favorable variance.   sales price flexible budget variance is a $5,500 favorable variance.   sales price flexible budget variance is a $4,000 favorable variance.

Explain both

Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 21,300 units of production shows sales of $511,200; variable costs of $63,900; and fixed costs of $142,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 26,000 units at $576,000. Actual variable costs were $113,900 and actual fixed costs were $136,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Contribution margin Flexible Budget Performance Report Flexible Budget Actual Results Variances Favorable/ Unfavorable

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…

The following information was drawn from the accounting records of Ashton Company.    Budgeted   Actual Sales $ 10,000     $ 13,000     Cost of Goods Sold   (5,000 )     (6,600 )   Gross Margin   5,000       6,400     Variable Cost   (2,000 )     (2,700 )   Fixed Cost   (2,500 )     (1,900 )   Net Income $ 500     $ 1,800       Based on this information Ashton Company has a   Multiple Choice   $1,300 favorable sales variance   $1,300 unfavorable sales variance   $3,000 favorable sales variance   $3,000 unfavorable sales variance