Chapter%2021%20sample[1]

Accounting: Tools for Business Decision Making

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 21 Flexible Budget Sample The cost accountant for Gaylord Co. prepared the following monthly Static Budget report: Actual Static Budget Difference Results (Master) Favorable F (24,000 Units) (25,000 Units) Unfavorable U Sales $235,000 $246,250 Variable Costs: Direct materials 13,000 15,000 Direct labor 47,500 50,000 Variable manufacturing overhead 35,200 36,250 Total Variable Costs 95,700 101,250 Fixed manufacturing overhead 71,000 74,000 Total Costs 166,700 175,250 Operating Income $68,300 $71,000 Required: Complete the Flexible Budget report at the 24,000 unit level.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Actual Flexible Difference Results Budget Favorable F (24,000 Units) (24,000 Units) Unfavorable U Sales $235,000 $ $ Variable Costs: Direct materials used 13,000 Direct labor 47,500 Variable manufacturing overhead 35,200 Total Variable Costs 95,700 Fixed manufacturing overhead 71,000 Total Costs 166,700 Operating Income $68,300 $ $ What is the total flexible budget variance? $_________________ (Show calculation) What is the total sales volume variance? $_________________ (Show calculation)...
View Full Document

This document was uploaded on 01/31/2010.

Page1 / 2

Chapter%2021%20sample[1] - Actual Flexible Difference...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online