bg
bg
bg
bg

GradePack

Blueberry Corporation’s Master/Static Budget and Actual resu…

Blueberry Corporation’s Master/Static Budget and Actual results for the month of May 2030 were as follows:     Master Budget    Actual Results Volume        2,500 units   2,000 units         Sales $ 50,000   $ 60,000 Variable Expenses 20,000      30,000 Contribution Margin 30,000   30,000 Fixed Expenses 4,000   3,500 Income from Operations 26,000   26,500   REQUIRED:   a)   What number of units did Blueberry expect or plan to sell during 2030?  {#1}   b)   What was the budgeted variable cost per unit? {#2}   c)   A flexible budget is based on budgeted volume or actual volume? {#3}   d)   If you prepared a flexible budget what would be the flexible budget sales in dollars? {#4}   e)   What was the Flexible Budget Sales Variance in $’s? {#5}   f)     Was the Flexible Budget Sales Variance Favorable or Unfavorable? {#6}   g)   What was the Flexible Budget Variable Expense Variance in $’s?{#7}   h)   Was the Flexible Budget Variable Expense Variance Favorable or Unfavorable?{#8}   i)     What was the Flexible Budget Fixed Expense Variance in $’s?{#9}   j)     Was the Flexible Budget Fixed Expense Variance Favorable or Unfavorable?  {#10}

 Read Details