Reference no: EM133183026
Question - The Ornate Company has the following information pertaining to the month of March:
Units of output, actual 21,000
Fixed costs, actual $497,000
Operating profit, master budget $220,000
Sales price variance $84,000 U
Beginning and ending inventories 0
Sales volume variance, revenue $300,000 U
Budgeted selling price per unit $100
Variable costs, master budget $1,680,000
Contribution margin, actual $516,000
Required - Prepare report for March including columns for the (a) actual results, (b) flexible budget, (c) flexible budget variance, (d) master budget, and (e) sales activity variance.
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