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- Vaughn Manufacturing produced 290000 units in 135000 direct labor hours. Production for the period was estimated at 300000 units and 150000 direct labor hours. A flexible budget would compare budgeted costs and actual costs, respectively, at O 145000 hours and 135000 hours O 135000 hours and 135000 hours O 145000 hours and 150000 hours O 150000 hours and 135000 hoursarrow_forwardTillman Manufacturing Co.'s static budget at 32,000 units of production includes $112,000 for direct labor and $37,000 for direct materials. Total fixed costs are $68,000. What are the total costs under a static budget?arrow_forwardThe master budget at Monroe Manufacturing last period called for sales of 42,300 units at $45 each. The costs were estimated to be $29 variable per unit and $527,000 fixed. During the period, actual production and actual sales were 45,300 units. The selling price was $44 per unit. Variable costs were $31 per unit. Actual fixed costs were $518,000. Required: Prepare a profit variance analysis. Note: 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. Monroe Manufacturing Profit Variance Analysis Actual Manufacturing Variances Sales Price Variance Flexible Budget Sales Activity Variance Master Budget Sales revenue Less: Variable costs Contribution margin $ 0 $ 0 $ 0 Less: Fixed costs Operating profits $ 0 $ 0 $ 0…arrow_forward
- Sheridan, Inc.'s static budget at 3,000 units of production includes $13,800 for direct labor, $4,800 for utilities (variable), and total fixed costs of $25,800. Actual production and sales for the year was 9,000 units, with an actual cost of $83,600.Determine if Sheridan is over or under budget. Sheridan is select an option budget by $arrow_forwardRakesharrow_forwardNuArt Company's budgeted production for November is 5,500 units. Budgeted component unit costs include: direct materials, $24; direct labor, $30; variable overhead, $18. Budgeted fixed overhead is $100,000. NuArt's actual production for November was 6,000 units. Actual component unit costs include: direct materials, $24.50; direct labor, $29; variable overhead, $18.40. Actual fixed overhead was $94,000. NuArt's flexible budget amount for direct labor in November would be: Multiple Choice A)$100,000 B)$156,000 C)$174,000 D)$180,000.arrow_forward
- The master budget at Western Company last period called for sales of 226,500 units at $10.50 each. The costs were estimated to be $3.90 variable per unit and $226,500 fixed. During the period, actual production and actual sales were 231,500 units. The selling price was $10.60 per unit. Variable costs were $6.00 per unit. Actual fixed costs were $226,500. Required: Prepare a profit variance analysis. (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.)arrow_forwardThe fixed budget for 21,700 units of production shows sales of $564,200; variable costs of $65,100; and fixed costs of $143,000. If the compamy actually produces and sells 27,500 units, calculate the flexible budget income.arrow_forwardAmanda Manufacturing Company prepared the following static budget income statement: $ 476,000.00 (336,000.00) 140,000.00 (66,000.00) $ 74,000.00 Revenues Variable Costs Contribution Margin Fixed Costs Net Income The budgeted costs were based on a planned sales volume of 14,000 units. Actual production was 7,800 units. The amount of net income based on a flexible budget of 7,800 units would have been Multiple Choice $6.200.00 $12,000.00. Show Transcribed Text O $270,000.00 O $6,200.00. O O $12,000.00. $270,000.00. $4,200.00. J Carrow_forward
- The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 279,000 units with revenues of $3,348,000. Total variable costs were budgeted at $1,953,000 and fixed costs at $966,000. During the period, actual production and actual sales were 255,800 units. The actual revenues were $3,446,500. Actual variable costs were $6.10 per unit. Actual fixed costs were $996,000. Required: Prepare a profit variance analysis. Note: 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. Sales revenue Less: Variable costs Contribution margin Less: Fixed costs Operating profits $ $ Actual 0 0 Manufacturing Variances Cherrylawn Corporation Profit Variance Analysis Sales Price Variance Flexible Budget $ $ 0 Sales Activity Variance Master Budget $ $ 0 0arrow_forwardBramble Corp.produced 200000 units in 128000 direct labor hours. Production for the period was estimated at 267000 units and 141000 direct labor hours. A flexible budget would compare budgeted costs and actual costs, respectively, at O 195000 hours and 141000 hours. Ⓒ141000 hours and 128000 hours. 128000 hours and 128000 hours. O 195000 hours and 128000 hours.arrow_forwardVishuarrow_forward
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