Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 5,500 units. The following variances wereobserved:UnitsSalesVariable ExpensesFixed ExpensesNet Income (loss)UnitsSalesActual ResultsDetermine the static budget and use the information to prepare a flexible budget and analysis for the 6,500 units actually sold. If no effect, select "No Effect"and leave the amount boxes blank. For those boxes in which you must enter negative numbers use a minus sign. (Example: -300).Static budget Flexible budget Actual ResultsVariancesVariable ExpensesFixed ExpensesNet Income (Loss)Variances$$169,000$26,000 Favorable77,80011,800 Unfavorable88,300300 Unfavorable$2,900 $13,900 UnfavorableNo EffectFavorableUnfavorableUnfavorable✓✓✓✓

The variance is the difference between the actual data and standard output of production. The…

Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 5,500 units. The following variances were observed: Units Sales Variable Expenses Fixed Expenses Net Income (loss) Actual Results Units Sales Variable Expenses Fixed Expenses Net Income (Loss) Variances $169,000 $26,000 Favorable 77,800 11,800 Unfavorable 88,300 300 Unfavorable $2,900 $13,900 Unfavorable Determine the static budget and use the information to prepare a flexible budget and analysis for the 6,500 units actually sold. If no effect, select "No Effe and leave the amount boxes blank. For those boxes in which you must enter negative numbers use a minus sign. (Example: -300). Static budget Flexible budget Actual Results Variances No Effect Favorable Unfavorable Unfavorable

Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 5,500 units. The following variances were observed: Units Sales Variable Expenses Fixed Expenses Net Income (loss) Actual Results Units Sales Variable Expenses Fixed Expenses Net Income (Loss) Variances $169,000 $26,000 Favorable 77,800 11,800 Unfavorable 88,300 300 Unfavorable $2,900 $13,900 Unfavorable Determine the static budget and use the information to prepare a flexible budget and analysis for the 6,500 units actually sold. If no effect, select "No Effe and leave the amount boxes blank. For those boxes in which you must enter negative numbers use a minus sign. (Example: -300). Static budget Flexible budget Actual Results Variances No Effect Favorable Unfavorable Unfavorable

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter23: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 2PB: Flexible budgeting and variance analysis Im Really Cold Coat Company makes womens and mens coats....

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Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 5,500 units. The following variances were observed: Actual Results Variances Units Sales $175,500 $27,000 Favorable Variable Expenses 77,900 11,900 Unfavorable Fixed Expenses 93,700 200 Unfavorable Net Income (loss) $3,900 $14,900 Unfavorable Determine the static budget and use the information to prepare a flexible budget and analysis for the 6,500 units actually sold. If no effect, select "No Effect" and leave the amount boxes blank. For those boxes in which you must enter negative numbers use a minus sign. (Example: -300). Static budget Flexible budget Actual Results Variances Units fill in the blank 1 fill in the blank 2 Sales $fill in the blank 3 $fill in the blank 4 $fill in the blank 5 $fill in the blank 6 Variable Expenses fill in the blank 8 fill in the blank 9 fill in the blank 10 fill in the blank 11 Fixed…
Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 5,500 units. The following variances were observed: Actual Results Variances Units Sales $175,500 $27,000 Favorable Variable Expenses 84,300 12,800 Unfavorable Fixed Expenses 88,300 300 Unfavorable Net Income (loss) $2,900 $13,900 Unfavorable Determine the static budget and use the information to prepare a flexible budget and analysis for the 6,500 units actually sold. If no effect, select "No Effect" and leave the amount boxes blank. For those boxes in which you must enter negative numbers use a minus sign. (Example: -300). Static budget Flexible budget Actual Results Variances Units fill in the blank 1 fill in the blank 2 Sales $fill in the blank 3 $fill in the blank 4 $fill in the blank 5 $fill in the blank 6 No Effect Variable Expenses fill in the blank 8 fill in the blank 9 fill in the blank 10 fill in the blank 11 Favorable…
Clementine Company makes skateboards. They prepare master and flexible budgets and then perform variance analysis after the budget plan period elapses. Their data is as follows: Budget Actual Selling price $96 $92 per unit Variable cost $50 $48 per unit Quantity sold 1034 916 What is the Clementine's flexible budget variance for VARIABLE COSTS? If the variance is unfavorable put a minus sign in front of your answer.
Campbell Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year. E (Click the icon to view the actual data.) Prepare a segment margin performance report for the pharmaceutical segment. Calculate a variance and a variance percentage for each line in the report. Round to the nearest hundredth for the variance percentages (for example, if your answer is 16.2384%, round it to 16.24%). Budgeted data for the same time period for the pharmaceutical segment are as follows (all data are in millions): E (Click the icon to view the budgeted data.) Begin by preparing the performance report through the contribution margin line. Next, complete the report through the segment margin line, and then, finally, complete the report through the operating income line. (Enter the variances as positive numbers. Round the variance percentages to the nearest hundredth percent, X.XX%.) Performance Report Data table…
Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 5,500 units. The following variances were observed: Actual Results Variances Units Sales $175,500 $27,000 Favorable Variable Expenses 77,800 11,800 Unfavorable Fixed Expenses 93,800 300 Unfavorable Net Income (Iloss) $3,900 $14,900 Unfavorable Determine the static budget and use the information to prepare a flexible budget and analysis for the 6,500 units actually sold. If no effect, select "No Effect" and leave the amount boxes blank. For those boxes in which you must enter negative numbers use a minus sign. (Example: -300). Static budget Flexible budget Actual Results Variances Units Sales $ $ %$4 No Effect v Variable Expenses Favorable v Fixed Expenses Unfavorable Net Income (Loss) $ $ Unfavorable v Feedback
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Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 4,000 units. The following variances were observed: Actual Results Variances Units Sales $135,000 $27,000 Favorable Variable Expenses 64,900 12,900 Unfavorable Fixed Expenses 64,200 200 Unfavorable Net Income (loss) $5,900 $13,900 Unfavorable Determine the static budget and use the information to prepare a flexible budget and analysis for the 5,000 units actually sold. If no effect, select "No Effect" and leave the amount boxes blank. For those boxes in which you must enter negative numbers use a minus sign. (Example: -300).
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