Reference no: EM131799173

Question 1 - Flexible Budgeting

The master budget at Windsor, Inc. Last period called for sales of 90,000 units at $36 each. The costs were estimated to be $15 variable per unit and $900,000 fixed. During the period, actual production and actual sales were 92,000 per unit. Actual fixed costs were $900,000.

Prepare a flexible budget for Windsor.

Question 2 - Sales Activity Variances

Refer to the data in Question 1. Prepare a sales activity variance analysis.

Question 3 - Variable Cost Variances

The standard direct cost per unit for a company was $7 (=$28 per hour X 0.25 per unit). During the period, actual direct labor costs amounted to $45,000, 1,600 labor-hours were worked, and 5,600 units were produced.

Compute the direct labor price and efficiency variances for the period.

Question 4 - Fixed Cost Variances

 Information on Carney Company's fixed overhead costs follows:

Overhead applied                             $360,000

Actual overhead                               385,500

Budgeted overhead                          369,000

What are the fixed overhead price and production volume variances?