× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
s
3
v
3
p
3
m
2
s
2
d
2
N
2
d
2
e
2
s
2
s
2
e
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
pduvin pduvin
wrote...
Posts: 679
Rep: 0 0
6 years ago
Caan Corporation used the following data to evaluate their current operating system. The company sells items for $20 each and used a budgeted selling price of $20 per unit.

   Actual   Budgeted
   Units sold   200,000 units   203,000 units
   Variable costs   $1,250,000   $1,500,000
   Fixed costs   $ 925,000   $ 900,000

Required:
Prepare a Level 1 static-budget variance analysis using a income statement in contribution margin format. Use the following three column headings: Actual Results, Static Budget, Static-budget Variance.
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
Read 86 times
1 Reply

Related Topics

Replies
wrote...
#1
6 years ago
Actual      Static     Static-budget
            Results      Budget       Variance
   Units sold   200,000   203,000

   Revenues   $4,000,000   $4,060,000   $60,000   U
   Variable costs   1,250,000   1,500,000   250,000   F
   Contribution margin   $2,750,000   $2,560,000   190,000   F
   Fixed costs   925,000   900,000   25,000   U
   Operating income   $1,825,000   $1,660,000   $165,000   F
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  917 People Browsing
 117 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 970
  
 24108
  
 127
Your Opinion
What's your favorite funny biology word?
Votes: 401
Previous poll results: Where do you get your textbooks?