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Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative. Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Required: Prepare a profit variance analysis for Fournier Fixtures actual orders for 414,400 units) $ 7,873,600 for 370,000 units) $ 7,400,000 2,646,400 238,000 1,218,400 876,000 $ 4,978,800 $ 2,894,800 2,350,000 218,000 1,082,000 786,000 $ 4,436,000 $ 2,964,000 1,632,000 556,600 372,000 $ 2,560,600 1,660,000 540,000 405,000 $ 2,605,000 $ 359,000 $ 334,200 Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Fournier Fixtures Profit Variance Analysis Actual Manufacturing Variances Marketing and Administrative Variances Sales Price Variance Sales revenue Variable costs: $ 7,873,600 $ 414,400 U Flexible Budget $ 8,288,000 $ Sales Activity Variance Master Budget 888,000 F $ 7,400,000 Materials 2,646,400 $ 14,400 U Direct labor 238,000 6,160 F 2,632,000 244,160 282,000 U 26,160 U 2,350,000 218,000 Variable overhead 1,218,400 6,560 U 1,211,840 129,840 U Variable marketing and administrative 876,000 $ 4,320 F 880,320 94,320 U 1,082,000 786,000 Total variable costs $ 4,978,800 N Contribution margin $ 2,894,800 2 Խ $ 4,968,320 $ $ 3,319,680 s 532,320 U 355,680 F $ 4,436,000 $ 2,964,000 Fixed costs: Manufacturing overhead Marketing 1,632,000 28,000 F 556,600 16,600 U 1,660,000 540,000 Administrative 372,000 33,000 F 405,000 Total fixed costs Operating profits $ 2,560,600 $ 28,000 F $ 16,400 F $ 2,605,000 1,660,000 540,000 405,000 $ 2,605,000 $ 334,200 $ 714,680 $ 355,680 $ 359,000

Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative. Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Required: Prepare a profit variance analysis for Fournier Fixtures actual orders for 414,400 units) $ 7,873,600 for 370,000 units) $ 7,400,000 2,646,400 238,000 1,218,400 876,000 $ 4,978,800 $ 2,894,800 2,350,000 218,000 1,082,000 786,000 $ 4,436,000 $ 2,964,000 1,632,000 556,600 372,000 $ 2,560,600 1,660,000 540,000 405,000 $ 2,605,000 $ 359,000 $ 334,200 Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Fournier Fixtures Profit Variance Analysis Actual Manufacturing Variances Marketing and Administrative Variances Sales Price Variance Sales revenue Variable costs: $ 7,873,600 $ 414,400 U Flexible Budget $ 8,288,000 $ Sales Activity Variance Master Budget 888,000 F $ 7,400,000 Materials 2,646,400 $ 14,400 U Direct labor 238,000 6,160 F 2,632,000 244,160 282,000 U 26,160 U 2,350,000 218,000 Variable overhead 1,218,400 6,560 U 1,211,840 129,840 U Variable marketing and administrative 876,000 $ 4,320 F 880,320 94,320 U 1,082,000 786,000 Total variable costs $ 4,978,800 N Contribution margin $ 2,894,800 2 Խ $ 4,968,320 $ $ 3,319,680 s 532,320 U 355,680 F $ 4,436,000 $ 2,964,000 Fixed costs: Manufacturing overhead Marketing 1,632,000 28,000 F 556,600 16,600 U 1,660,000 540,000 Administrative 372,000 33,000 F 405,000 Total fixed costs Operating profits $ 2,560,600 $ 28,000 F $ 16,400 F $ 2,605,000 1,660,000 540,000 405,000 $ 2,605,000 $ 334,200 $ 714,680 $ 355,680 $ 359,000

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter3: Cost Behavior And Cost Forecasting
Section: Chapter Questions
Problem 61P: Method of Least Squares, Predicting Cost for Different Time Periods from the One Used to Develop a...
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help please answer this with compulsory explanation , computation , for each parts and steps clearly in detail answer in text form no copy paste please underline with complete and clear working with explanation and computation

Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative. Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Required: Prepare a profit variance analysis for Fournier Fixtures actual orders for 414,400 units) $ 7,873,600 for 370,000 units) $ 7,400,000 2,646,400 238,000 1,218,400 876,000 $ 4,978,800 $ 2,894,800 2,350,000 218,000 1,082,000 786,000 $ 4,436,000 $ 2,964,000 1,632,000 556,600 372,000 $ 2,560,600 1,660,000 540,000 405,000 $ 2,605,000 $ 359,000 $ 334,200 Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Fournier Fixtures Profit Variance Analysis Actual Manufacturing Variances Marketing and Administrative Variances Sales Price Variance Sales revenue Variable costs: $ 7,873,600 $ 414,400 U Flexible Budget $ 8,288,000 $ Sales Activity Variance Master Budget 888,000 F $ 7,400,000 Materials 2,646,400 $ 14,400 U Direct labor 238,000 6,160 F 2,632,000 244,160 282,000 U 26,160 U 2,350,000 218,000 Variable overhead 1,218,400 6,560 U 1,211,840 129,840 U Variable marketing and administrative 876,000 $ 4,320 F 880,320 94,320 U 1,082,000 786,000 Total variable costs $ 4,978,800 N Contribution margin $ 2,894,800 2 Խ $ 4,968,320 $ $ 3,319,680 s 532,320 U 355,680 F $ 4,436,000 $ 2,964,000 Fixed costs: Manufacturing overhead Marketing 1,632,000 28,000 F 556,600 16,600 U 1,660,000 540,000 Administrative 372,000 33,000 F 405,000 Total fixed costs Operating profits $ 2,560,600 $ 28,000 F $ 16,400 F $ 2,605,000 1,660,000 540,000 405,000 $ 2,605,000 $ 334,200 $ 714,680 $ 355,680 $ 359,000
Transcribed Image Text:Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative. Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Required: Prepare a profit variance analysis for Fournier Fixtures actual orders for 414,400 units) $ 7,873,600 for 370,000 units) $ 7,400,000 2,646,400 238,000 1,218,400 876,000 $ 4,978,800 $ 2,894,800 2,350,000 218,000 1,082,000 786,000 $ 4,436,000 $ 2,964,000 1,632,000 556,600 372,000 $ 2,560,600 1,660,000 540,000 405,000 $ 2,605,000 $ 359,000 $ 334,200 Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Fournier Fixtures Profit Variance Analysis Actual Manufacturing Variances Marketing and Administrative Variances Sales Price Variance Sales revenue Variable costs: $ 7,873,600 $ 414,400 U Flexible Budget $ 8,288,000 $ Sales Activity Variance Master Budget 888,000 F $ 7,400,000 Materials 2,646,400 $ 14,400 U Direct labor 238,000 6,160 F 2,632,000 244,160 282,000 U 26,160 U 2,350,000 218,000 Variable overhead 1,218,400 6,560 U 1,211,840 129,840 U Variable marketing and administrative 876,000 $ 4,320 F 880,320 94,320 U 1,082,000 786,000 Total variable costs $ 4,978,800 N Contribution margin $ 2,894,800 2 Խ $ 4,968,320 $ $ 3,319,680 s 532,320 U 355,680 F $ 4,436,000 $ 2,964,000 Fixed costs: Manufacturing overhead Marketing 1,632,000 28,000 F 556,600 16,600 U 1,660,000 540,000 Administrative 372,000 33,000 F 405,000 Total fixed costs Operating profits $ 2,560,600 $ 28,000 F $ 16,400 F $ 2,605,000 1,660,000 540,000 405,000 $ 2,605,000 $ 334,200 $ 714,680 $ 355,680 $ 359,000
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