Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
Student Name:
Class:
Marketing &
Purchases
Administrative
Flexible Activity Master
Actual Variances Variances Budget Variance Budget
1,200$ 1,200$ 200$ 1,000$
100 100 100
50 50 50
Instructor
McGraw-Hill/Irwin
Problem 17-38
Delicatessen Segment
DOUG'S DINER
Round all computations to the nearest dollar.
Show favorable variances as positive numbers, unfavorable variances as negative numbers.
Sales Revenue
Variable costs:
Fixed costs:
Advertising
Depreciation
Delicatessen Restaurant Total
1,000$ 2,500$ 3,500$
600 1,000 1,600
Over-or
(Under-)
Delicatessen Restaurant Total Budget Budget
1,200$ 2,000$ 3,200$ 3,500$ (300)$
780 800 1,580 1,600 (20)
Purchases
Actual Results
($000)
Net Income for the Year
DOUG'S DINER
Master Budget Income Statement
DOUG'S DINER
Given Data P17-38:
Sales revenue
Costs
Costs
Actual Results
Sales Revenue
Purchases (variable)
Student Name:
Class:
Chewy Chunky Choco-lite
Bars Bars Bars Total
1,600 2,000 4,200 7,800
Actual sales
less budgeted
Sales Sales
costs adjusted
Price Flexible Activity Master
to volume Variance Budget Variance Budget
Actual Qty at
Standard Mix
Market
and Standard
Share Industry Industry Master
PENINSULA CANDY COMPANY
Instructor
McGraw-Hill/Irwin
Problem 17-42
Sales-units (in thousands)
Budget
Data from problem:
Actual
Sales-units (in thousands)
Round all computations to the nearest thousand dollars.
Show favorable variances as positive numbers, unfavorable variances as negative numbers.
Part b. Market share and industry variances
Part a. Sales price and activity variances
Correct!
Market
Flexible Share Industry Industry Master
Budget Variance Effect Variance Budget
Chewy Chunky Choco-Lite
Bars Bars Bars Total
2,000 2,000 4,000 8,000
1,600 2,000 4,200 7,800
Given Data P17-42:
Sales-units (in thousands)
Budget
PENINSULA CANDY COMPANY
Sales-units (in thousands)
Budget and results of operations for July:
Actual
Student Name:
Class:
Quantity Cost per unit Total
20 $9 180
Part a.
Purchase Actual Quantity Flexible
Actual Price at Standard Efficiency Production
Cost Variance Price Variance Budget
Chem-A 149,248 3,392 152,640 (8,640) 144,000
Part b.
Actual Quantity Standard Mix of Flexible
at Standard Mix
Actual Quantity at
Yield Production
Price Variance Standard Price Variance Budget
Instructor
McGraw-Hill/Irwin
Problem 17-44
Show favorable variance as positive number, unfavorable as negative.
Show favorable variance as positive number, unfavorable as negative.
PLANO PRODUCTS
Chem-A
Standard costs for 1,000 liters of output
Data from problem:
Input Quantity Cost Total
Chemical (in liters) (per liter) Cost
Input Quantity Total
Chemical (in liters) Cost
16,960 149,248
20%
PLANO PRODUCTS
Given Data P17-44:
Percentage loss in liquid volume due to evaporation
Additional Information:
Standard mix of a single 100 liter batch:
Chem-A
Actual September quantities and costs of materials:
