Fort worth company is a printer and binder of specialized

Reference no: EM13574195

Fort Worth Company is a printer and binder of specialized booklets and pamphlets. Last year, the company's sales manager estimated sales to be 10,000 booklets and pamphlets combined. The sales manager also estimated that the items would retail for approximately $10 each. Various production costs, including direct and indirect material, direct and indirect labor, and variable overhead, were estimated to total $50,000, while fixed costs were estimated to be $20,000.

During the year, Fort Worth's unit sales equaled its production of 12,000 units. Because of changing market conditions-specifically, competition-the average selling price fell to just $9.50 per unit. There were increased variable costs as well that resulted in average per-unit variable costs of $6. At the end of the year, the company's controller accumulated fixed costs and found them to be $21,000.

Required:

If required, round your answers to two decimal places. Enter all amounts as positive numbers.Prepare a report to show the difference between the actual contribution margin and the budgeted contribution margin per the static budget.

Reference no: EM13574195

Questions Cloud

Rita lane is the avvountant for outdoor living a : rita lane is the avvountant for outdoor living a manufacturer of outdoor furniture that is sold through specialty

A schedule of expected cash disbursements for merchandise : janus products inc. is a merchandising company that sells binders paper and other school supplies. the company is

Last year caan enterprises budgeted for production and : last year caan enterprises budgeted for production and sales of 28000 leather briefcases. caan produced and sold 27250

Substantiate your answer to part ii by demonstrating that : suppose that the european options with the same maturity and the same underlying assets have the following prices1 a

Fort worth company is a printer and binder of specialized : fort worth company is a printer and binder of specialized booklets and pamphlets. last year the companys sales manager

Comfy chair has been considering changing to an activity : comfy chair company makes two types of chairs a lounge chair and a folding beach chair. the company uses a job-order

Rosiek corporation uses part a55 in one of its products the : rosiek corporation uses part a55 in one of its products. the companys accounting department reports the following costs

The price of a 1-year 093-strike european call on the euro : suppose that the exchange rate is 0.95 usd per euro and that the euro-denominated continuously compounded interest

Very briefly describe the following concepts and for each : very briefly describe the following concepts and for each one explain using an example how each concept may cause a

User Account

All Pages