Prepare variance analysis report

Assignment Help Managerial Accounting

Reference no: EM1347723

Strauss Table Company manufactures tables for schools. The 20x4 operating budget is based upon sales of 20,000 units at $ 100 per table. Operating income is anticipated to be $ 120,000. Budgeted variable costs are $ 64 per unit, while fixed costs total $ 600,000. Actual income for 20x4 was surprising $ 354,000 on actual sales of 21,000 units at $ 104 each. Actual variable costs were $ 60 per unit and fixed costs totaled $ 570,000. Required: Prepare a 5 column variance analysis report with actual results, flexible-budget, static budget, flexible budget variances and sales-volume variances.

Reference no: EM1347723

Questions Cloud

Direct material variances : This question is on variance analysis in managerial or cost accounting. More specifically, it asks for computations of direct material price variance, direct material efficiency or usage variance, the flexible budget variance, and determining whet..

Explaining protocol to avoid defeat : Is there any protocol which you and Luke can use to avoid defeat? If not, describe why not. If there is protocol that would work, describe it.

Collaboration process to achieve organizational goals : Discuss and explain the steps of collaboration procedure among the functional areas that must be employed to achieve organizational objectives.

Illustrate what expect would happen to coffee consumption : Illustrate what do you expect would happen to coffee consumption? In what direction would the CPI move, ceteris paribus? Would that change correctly reflect the impact on consumers' welfare? Explain briefly.

Prepare variance analysis report : Strauss Table Company manufactures tables for schools. The 20x4 operating budget is based upon sales of 20,000 units at $ 100 per table.

Calculate investors percentage holding period return : A shareholder bought ten Ellis Industries, long-term bonds one year ago, when they were 1st issued by the firm. Next Time, he bought 200 shares of the firm's common stock at the same time for $30 per share.

Determining privacy policy for organization : Many countries need organizations which gather personal information to publish privacy policy. Determine a copy of the privacy policy for an organization.

What are strengthen or weaken the argument that monetary : What are strengthen or weaken the argument that monetary policy should be the primary tool for smoothing the business cycle.

Information about budget : Discuss how a budget could help you personally or your organization accomplish the objectives of long range plan developed for you personally or for your organization.

User Account

All Pages