The results for July for Brahms & Sons follow:
Actual (based on actual sales of 64,800 un...
Business, 06.05.2020 03:36 shalynmincey
The results for July for Brahms & Sons follow:
Actual (based on actual sales of 64,800 units) Master Budget (based on budgeted sales of 54,000 units)
Sales revenues $ 479,500 $ 490,000
Less
Variable costs
Direct material 59,700 49,000
Direct labor 51,700 61,000
Variable overhead 60,200 61,000
Marketing 20,450 20,000
Administration 18,950 20,000
Total variable costs $ 211,000 $ 211,000
Contribution margin $ 268,500 $ 279,000
Less
Fixed costs
Manufacturing 99,500 97,200
Marketing 18,900 16,200
Administration 82,400 $ 81,000
Total fixed costs $ 200,800 $ 194,400
Operating profits $ 67,700 $ 84,600
Required:1. Prepare a profit variance analysis for Brahms & Sons. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
Answers: 2
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