Business, 28.04.2021 18:00 neariah24

Vet Health budgeted sales of 700,000 vials for August. At the end of the month, the controller revealed that actual results for August had deviated from the budget in several ways: Unit sales and production were 90% of plan. Actual average selling price decreased to $8.20. Productivity dropped to 90 vials per hour. Actual direct manufacturing labor cost was $15.20 per hour. Actual total direct material cost per unit increased to $3.90. Actual sales commissions were $0.70 per vial. Fixed overhead costs were $110,000 above budget. Calculate the following amounts for Vet Health for August 2020: Static-budget and actual operating income Static-budget variance for operating income Flexible-budget operating income Flexible-budget variance for operating income Sales-volume variance for operating income Price and efficiency variances for direct manufacturing labor Flexible-budget variance for direct manufacturing labor Comment on the analysis and variances.

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Vet Health budgeted sales of 700,000 vials for August. At the end of the month, the controller revea...

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