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answers to accounting problems
Toyworld manufactures and sells a line of toys. The toys are primarily distributed through department stores. As president of Toyworld, you wanted to analyze Toyworld's profitability. Your capable assistant provided you with the following data:
Actual budget------Static/Master budget Selling price $20/ $21 Variable manu cost per unit----$11/$12 Variable marketing and admin total expenses---- $9,000(5% of sales revenue)/ $11,550 Fixed total manu cost---$34,500 / $36,000 Fixed total marketing and admin expenses----$40,000 / $44,000 Sales volumes in units---$9,000 / $10,000 Required: a) Your assistant has requested you to complete the "Flexible Budget" and "Static/Master Budget" columns of the analysis, reproduced below (She had to attend to an out-of-town emergency): Actual results Flexible budget static/master budget units sold 10,000 revenues(sales) 210,000 variable expenses: Manufacturing 120,000 Marketing& Admin 11,500 Total 131,550 Contribution Margin 78,450 Fixed expenses: Manufacturing 36,000 Marketing & Admin 44,000 Total 80,000 Operating income(loss) ($1,550) |
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