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Question:I need to do a profit-variance report in Excel. can anyone help me? these are the budgeted costs
the information needed is as follows:
units budgeted=3,900
costs per unit $100
manufacturing costs per unit= $50
sales commission= 10% of total sales
Fixed costs are as budgeted: Manufacturing costs: $50,000
Marketing costs= $36,000
Actual financial results are:
Units sold= 4,0a0
actual sales revenue for period = $390,000
actual variable costs are $70 per unit
Fixed manufacturing costs were as budgeted, but fixed marketing expenses exceeded budget by=$4,000
(Sales commission was 10% of sales revenue generated).
Required:
a) total master (static) budget variance( total operating -income variance for the period;
B) Total flexible budget variance
C) Flexible-Budget variance for total variable costs,plus flexible-budget variances for:
(1) Variable Manufacturing costs,
(2) Variable non-manufacturing cots
D)Flexible-budget variances for total fixed costs, plus the flexible budget variance for:
(1.) Fixed manufacturing costs
(2.) Fixed non-manufacturing costs
3. Provide a concise interpertation for each of the variances calculated in (2.)
4. Using the variances calculated in (2) and in as much detail as the data allows,prepare a seperate summary report similar to text Exhibit 14-2
This task is due on April 16, 2017. Can anyone help with the excel portion of this task?
Actual ResultUnit salesSalesVariable Costs:ManufacturingMarketingTotal Variable CostsCMFixed Costs:ManufacturingMarketingTotal Fixed CostsOperating Income Flexible-BudgetVariance…
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