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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