Chapter 24 examples for class

Chapter 24 examples - Exer 24-4 Bay City Company Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget Actual Results

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Exer 24-4 Bay City Company Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget Actual Results Variance Sales (7,200 units) \$720,000 \$737,000 \$17,000 F Variable Expenses \$468,000 \$483,000 \$15,000 U Contribution Margin \$252,000 \$254,000 \$2,000 F Fixed Expenses \$160,000 \$158,000 \$(2,000) F Income from Operations \$92,000 \$96,000 \$4,000 F Additional Computations Total Fixed Budget Sales \$750,000 Total Units Budgeted 7,500 Budgeted Selling Price \$100 per unit Flexible Budget Units 7,200 Flexible Budget Sales \$720,000 Total Fixed Budgeted Variable Expense \$487,500 Total Units Budgeted 7,500 Budgeted Variable Expense \$65 Flexible Budgeted Units 7,200 Flexible Budgeted Varaible Expense \$468,000 Total Actual Expenses \$641,000 Total Actual Fixed Expenses \$158,000 Total Actual Variable Expenses \$483,000 Exer 24-5 1) Compute the rate variance, efficiency variance, and total direct labor cost variance for two months. October Variances

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This note was uploaded on 11/11/2009 for the course ACC 121 taught by Professor Cline during the Spring '09 term at Colorado Mountain.

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Chapter 24 examples - Exer 24-4 Bay City Company Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget Actual Results

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