Question
Zenefit Corporation sold laser pointers for $11 each in 2017. Its budgeted selling price was $12...
Zenefit Corporation sold laser pointers for $11 each in 2017. Its budgeted selling price was $12 per unit. Other information related to its performance is given below:
Calculate Zenefit's flexible-budget and sales-volume variances for (a) revenues, (b) variable costs, (c) fixed costs, and (d) operating income.
Begin with the flexible-budget variance column, then the sales-volume variance column. Label each variance as favorable (F) or unfavorable (U). (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label.)
0 More Info B Units made and sold Variable costs Fixed costs Actual 28,000 90,000 55,000 udgeted 27,500 $3 per unit 58,000 $
i Reference Actual Results 28,000 Flexible-Budget Variances Flexible Budget 28,000 Sales-Volume Variances Static Budget 27,500 Units sold Revenues (sales) $ $ 308,000 90,000 336,000 84,000 330,000 82.500 Variable costs Contribution margin 218,000 55,000 252,000 58,000 Fixed costs 247,500 58,000 189,500 163,000 194,000 Operating income
Actual Results 28,000 Flexible-Budget Variance Sales-Volume Variance Flexible Budget 28,000 336,000 84,000 Static Budget 27,500 $ Units sold Revenues (sales) Variable costs Contribution margin $ 308,000 90,000 330,000 82,500 218,000 55,000 163,000 252,000 58,000 194,000 JI000 Fixed costs 247,500 58,000 Operating income $ 189,500
Answers
Actual Results Fleaible Budget Flexible variance Budget Sales-volune variance static Budget 28000 27500 units sold | 28000 Revenues (sales) $308000 variable costs 90000 $336000 $28000 U 6000 u $6000 1500 4500 F $330000 82500 84000 34000 u 252000 F 247500 contribution 218000 Margin Fixed costs | 55000 operating income $163000 5 8000 3000 F 58000 $31000 U $194000 $4500 F $189500
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