Target Company's actual results for the period were: The company planned to produce and sell...
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Accounting
Target Company's actual results for the period were: The company planned to produce and sell 375,000 at $6 each. At that volume, variable Manufacturing costs were budgeted at $2.50, and variable Marketing \& Admin costs were budgeted at $2.00 each. In addition, the company expected an operating profit of $62,500. a.) Refer to Target Company, create the Master/Planning Budget. b.) Refer to Target Company, prepare the Flexible Budget. c.) Calculate the Sales Price Variance. d.) Calculate the Sales Volume Variance. e.) Calculate the Variable Manufacturing Cost Variance. f.) Calculate the Variable Marketing \& Admin Cost Variance
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