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Author Question: Morgan's, Inc. has provided you with the following financial information:BudgetedActualSales ... (Read 35 times)

xman15.

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on: Feb 5, 2023

Question 1

Camping Supplies produces light-weight cots. The company plans to produce 10,000 cots this year. Fixed overhead costs for the factory are budgeted to be $50,000. The company actually spent $48,000 on fixed overhead and produced 8,000 cots.

Required:

Calculate the fixed overhead spending variance.

Question 2

Morgan's, Inc. has provided you with the following financial information:

​​BudgetedActual
Sales quantity6,0006,200
Sales price per unit$    6.00$    5.75
Variable product cost per unit2.002.25
Fixed selling expenses3,0006,000
Fixed administrative expenses 15,00014,000
Income tax expense1,8002,000
Required:

Prepare a performance report for the period in good form.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by xman15. on Feb 5, 2023

hvhf4k+549qz8f218jyo@shar

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Reply #1 on: Feb 5, 2023
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xman15.

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

ASDFGJLO

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Reply 3 on: Yesterday
Excellent

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