View History Bockmarks Window Help ule 15 Homework Help Save & Exit Submit Check
ID: 2408871 • Letter: V
Question
View History Bockmarks Window Help ule 15 Homework Help Save & Exit Submit Check my Finch Publications established the following standard price and costs for a hardcover picture book that the company produces Standard prl Sales price Material 36.10 s cost Overhead coat Selling, general, and adniniatrative costs Manufacturing overhead Selling, general, and administrative 131,000 48,000 Assume that Finch actually produced and sold 28,000 books. The actual sales price and costs incurred follow Actual price and variable costs Sales price Materials cost 35.10 8.50 3.90 .95 6.10 Overhead cost Selling, general, and administrative costs Actual fixed costs Hanufacturing overhead Selling, general, and administrative 116,000 54,000 Required K Prev 3 of 4 Next>Explanation / Answer
Actual Flexible budget variance Flexible budget Production 28000 28000 Sales revenue 982800 28000 U 1010800 Variable expense Material 238000 5600 U 232400 Labor 109200 2800 F 112000 Overheads 166600 1400 U 165200 Selling , general and admin 170800 5600 F 176400 Contribution margin 298200 26600 U 324800 Fixed expense Manufacturing overheads 116000 15000 F 131000 Selling , general and admin 54000 6000 U 48000 Net operating income 128200 -17600 F 145800
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