ss The results for March for Savery Parts follow:Sales revenuesLessVariable costsDirect materialDirect laborVariable overheadMarketingAdministrationTotal variable costsContribution marginLessFixed costsManufacturingMarketingAdministrationTotal fixed costsOperating profitsActual (based onactual sales of15,057 units)$ 289,36551,69044,27234,27312,37418,361$ 160,970$ 128,39536,71516,97224,761$78,448$ 49,947Master Budget (basedon budgeted sales of17,925 units)$ 326,23563,27052,47041,37013,27021,570$191,950$ 134,28533,17015,17027,170$ 75,510$ 58,775 Sales revenuesVariable costsDirect materialDirect laborVariable overheadMarketingAdministrationContribution marginFixed costsManufacturingMarketingAdministrationOperating profitsActual(15,057 Manufacturing VarianceUnits)$ 289,365$S51,69044,27234,27312,37418,361128,39536,71516,97224,76149,947SAVERY PARTSProfit Variance AnalysisMarketing &AdministrationVarianceSales Price Variance.FlexibleBudget(15,057 Units)Sales Activity VarianceMasterBudget(17,925 Units)$326,235$63,27052,47041,37013,27021,570134,28533,17015,17027,170$ 50,775

Variance Analysis : Analysis of a differences between planned and actual behavior. After analyzing…

The results for March for Savery Parts follow: Sales revenues Less Variable costs Direct material Direct labor Variable overhead Marketing Administration Total variable costs Contribution margin Less Fixed costs Manufacturing Marketing Administration Total fixed costs Operating profits Actual (based on actual sales of 15,057 units) $ 289,365 51,690 44,272 34,273 12,374 18,361 $ 160,970 $ 128,395 36,715 16,972 24,761 $78,448 $ 49,947 Master Budget (based on budgeted sales of 17,925 units) $ 326,235 63,270 52,470 41,370 13,270 21,570 $191,950 $ 134,285 33,170 15,170 27,170 $ 75,510 $ 58,775

The results for March for Savery Parts follow: Sales revenues Less Variable costs Direct material Direct labor Variable overhead Marketing Administration Total variable costs Contribution margin Less Fixed costs Manufacturing Marketing Administration Total fixed costs Operating profits Actual (based on actual sales of 15,057 units) $ 289,365 51,690 44,272 34,273 12,374 18,361 $ 160,970 $ 128,395 36,715 16,972 24,761 $78,448 $ 49,947 Master Budget (based on budgeted sales of 17,925 units) $ 326,235 63,270 52,470 41,370 13,270 21,570 $191,950 $ 134,285 33,170 15,170 27,170 $ 75,510 $ 58,775

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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