Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. robinson company has two products, a and b. robins

Robinson Company has two products, A and B. Robinsons budget for August follows: ...

80.2K

Verified Solution

Question

Accounting

Robinson Company has two products, A and B. Robinsons budget for August follows:
Master Budget
Product A Product B
Sales $ 240,000 $ 300,000
Variable cost 140,000180,000
Contribution margin $ 100,000 $ 120,000
Fixed cost 80,00040,000
Operating income $ 20,000 $ 80,000
Selling price $ 120 $ 50
On September 1, these operating results for August were reported:
Operating Results
Product A Product B
Sales $ 180,400 $ 341,120
Variable cost 106,600216,480
Contribution margin $ 73,800 $ 124,640
Fixed cost 80,00040,000
Operating income $ (6,200) $ 84,640
Units sold 1,6406,560
Required:
1. For each product, determine the following variances measured in dollars of contribution margin:
Product A Product B
a. Flexible-budget variance
b. Sales volume variance
c. Sales quantity variance
d. Sales mix variance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Draw the reflection of the image over the y axis SEGMENT 10 9 8 7...

Geometry
Q

How does an animal interpret the location of a sound?   part of the brain is responsible for...

Biology
Q

Starting with 7.2 g of salicylic acid, how many grams of acetylsalicylic acid (theoretical yield) can...

Chemistry
Q

To convert from a given quantity of one reactant or product to the quantity of another...

Chemistry
Q

Asume the wave function Ψ(x) = A/(x²+a²) whith x real, A and a constants a) find the...

Physics
Q

Lane and Louis were limited partners in a real estate venture. After the business was in...

General Management
Q

Beck Inc. uses a periodic inventory system. At the end of the annual accounting period, December...

Accounting
Q

are similar to lidocaine but are slightly different. When the structure of a drug is...

Biology
Q

6 Solve the system a 10r 4t 6 7r 5t 12

Algebra
Q

Beyer Company is considering the purchase of an asset for $270,000. It is expected to...

Accounting
Q

Question 2: The ______ analysis compares the additional benefits, ______ costs, and ______ profits of...

Accounting
Q

You want to evaluate three institutional investment funds using the information ratio measure of performance...

Finance