Question:
Find Missing Data for Profit Variance Analysis
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Reported
Income
Statement
(1,500 units)
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Manufacturing
Variance
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Marketing and
Administrative
Variance
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Sales
Price
Variance
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Flexible
Budget
(a units)
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Sales
Activity
Variance
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Master
Budget
(1,600 units)
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Sales revenue
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$78,000
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(b)
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$81,000
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(c)
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(d)
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Variable manufacturing costs
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(e)
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$2,400 F
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(f)
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$1,520 F
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(g)
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Variable marketing and
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administrative costs
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(h)
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(i)
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(j)
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(k)
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$9,600
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Contribution margin
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$49,600
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(l)
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(m)
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(n)
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(o)
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(p)
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(q)
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Required
Find the values of the missing items ( a ) through ( q ). Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.)