Business, 30.05.2020 19:59 coursonianp8izbc

The results for July for Brahms & Sons follow:

Actual (based on actual sales of 64,800 units) Master Budget (based on budgeted sales of 54,000 units)

Sales revenues $ 479,500 $ 490,000

Less

Variable costs

Direct material 59,700 49,000

Direct labor 51,700 61,000

Variable overhead 60,200 61,000

Marketing 20,450 20,000

Administration 18,950 20,000

Total variable costs $ 211,000 $ 211,000

Contribution margin $ 268,500 $ 279,000

Less

Fixed costs

Manufacturing 99,500 97,200

Marketing 18,900 16,200

Administration 82,400 $ 81,000

Total fixed costs $ 200,800 $ 194,400

Operating profits $ 67,700 $ 84,600

Required:1. Prepare a profit variance analysis for Brahms & Sons. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

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The results for July for Brahms & Sons follow:

Actual (based on actual sales of 64,...

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