The following data pertain to Inyange Cannery for the month of February.   Static Budget Actual Units sold 14,000 12,000 Sales revenue $ 182,000 $ 151,200 Variable manufacturing cost 5,000 39,000 Fixed manufacturing cost 18,000 18,000 Variable selling and administrative cost 14,000 9,000 Fixed selling and administrative cost 14,000 14,000 Required: Compute the sales-price and sales-volume variances for February. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).

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Harlow Parts produces a single product at its Superior Plant. The master budget for July follows: Harlow Parts Superior Plant Master Budget (For July) Quantity Revenue Variable manufacturing cost Variable Selling, General and Administrative cost. Contribution margin Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit Quantity (units) Revenue. The following operating income statement shows the actual results for July. Harlow Parts Superior Plant Operating Results (For July) Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margini 8,000 $ 1,520,000 576,000 96,000 Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit $ 848,000 192,000 350,000 $ 306,000 9,400 $ 1,710,800 700,394 109,040 $ 901,366 203,040 360,000 $ 338,326 Required: Help the managers at Harlow understand the implications from the profit variance analysis by writing a short summary of your analysis. Include…

Lewis Company reports the following foxed budget and actual results for May. Prepare a flexible budget performance report showing variances between budgeted and actual results. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Sales (units produced and sold) Sales (in dollars) Variable costs Fixed costs For Month Ended May 31 Fixed Budget 1,380 $ 1,200 per unit $4809 per unit $152,000 LEWIS COMPANY Flexible Badget Performance Report Flexible Budget Actual Results Variances (1.500 units) (1,500 units) Actual Results 1,500 $ 1,961,000 $799,000 $ 140,000 Favorable/Unfavorable

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Yourtube Company uses a standard cost system and prepared the following budget at normal capacity for the month of January. Direct labor hours Variable factory overhead Fixed factory overhead Total factory overhead per DLH 24,000 $48,000 $108,000 $6.50 Actual data for January were as follows: 22,000 Total factory overhead $147,000 Direct labor hours worked Standard DLH allowed for the capacity attained 21,000 Using the two-way analysis of overhead variances, what is the budget (controllable) variance for January? A. $3,000. B. $13,500 unfavorable. C. $9,000 favorable. D. $10,500 unfavorable.

The following data were collected by Pete Inc. for the month of May: Static budget data: Sales Variable costs Total fixed costs Actual results: Sales Variable costs Total fixed costs Sales (units) Revenue Variable expenses Contribution margin 11,500 units @ 40/unit $28.00 per unit $ 24,150 Required: 1, 2 & 3. Prepare the static and flexible budgets and show the variances by completing the table given below. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Fixed expenses Income 12,600 units @ $39/unit $30.00 per unit $ 23,050 Actual Pete Inc. Static Budget Performance Report For the Month Ended May 31 Flexible Budget Flexible Budget Variance Sales Volume Variance Static Budget Static Variance

Actual and budgeted information about the sales of a product are presented below for June: (CIA adapted) Units Sales Revenue Actual 9,800 $ 289,100 The sales price variance for June was: Budget 11,800 336,300 Multiple Cholce $11,800 unfavorable. $9,800 unfavorable. $12,300 unfavorable $9.800 favorable.