Question 1 Katy Co. manufactures chairs. Some of the company\'s data was misplac

Question

Question 1 Katy Co. manufactures chairs. Some of the company's data was misplaced. Use the following information to replace the lost data Please show your work to get full credit. Actual Results Flexible Budget Variance Flexible Budget Master Budget Sales Volume Variance Sales volume (in units) 46,000 50,000 Sales revenues Flexible (variable) costs Contribution margin $950,000 430,000 520,000 430,000 90,000 $1,000,000 450,000 550,000 440,000 $110,000 B? C? (fixed) costs D? Capacity-related Operating profit Required 1) A 2) B 4) D 5) E TTT Arial 3 (12pt)

Explanation / Answer

Prepare flexible budget :

Actual results Flexible budget variance Flexible budget Sales volume variance master budget Sales volume (units) 46000 46000 50000 Sales revenue 950000 30000 F A) 920000 80000 U 1000000 Flexible (variable) cost 430000 B) 16000 U 414000 36000 F 450000 Contribution margin 520000 14000 F C) 506000 44000 U 550000 Fixed cost 430000 10000 F 440000 d) None 440000 Operating profit 90000 E) 24000 F 66000 44000 U 110000

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.