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The following information is provided concerning the operations of Tolstoy Corporation for the current period: Actual (based on actual of 360 units) Master Budget (based on budgeted 400 units) Sales...

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The following information is provided concerning the operations of Tolstoy Corporation for the current period:


Actual (based on
actual of 360 units)
Master Budget (based
on budgeted 400 units)
Sales revenue$55,200$60,000
Less
Manufacturing costs
Direct labor8,5209,000
Materials7,2008,400
Variable overhead4,9206,000
Marketing3,1803,600
Administrative3,0003,000
Total variable costs$26,820$30,000
Contribution margin$28,380$30,000
Fixed costs
Manufacturing2,9163,000
Marketing6,2406,000
Administrative5,9766,000
Total fixed costs$15,132$15,000
Operating profits$13,248$15,000
Answered Same Day Dec 25, 2021

Solution

Robert answered on Dec 25 2021
118 Votes
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