Business, 31.03.2020 16:36, markmoroney22
The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results.
Actual Results Flexible Budget Static Budget Sales volume (in units) 17,000 21,000
Sales revenues $935,000 $$1,155,000
Variable costs 391,000 480,270
Contribution margin 544,000 674,730
Fixed costs 275,800 268,600 Operating profit $268,200 $406,130
The flexible-budget variance for variable costs is.
a. $2,210 unfavorable
b. $202,275 unfavorable
c. $89,270 favorable
d. $137,930 favorable
The sales price variance is
a. $220,000 unfavorable
b. $128,400 unfavorable
c. $9,410 unfavorable
d. $0
The static budget variance is
a. $9,410 unfavorable
b. $128,520 unfavorable
c. $137,930 unfavorable
d. $220,000 unfavorable
Answers: 3
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The actual information pertains to the month of June. As a part of the budgeting process, Great Cabi...
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