Mesa Company's

1.value:

1.00 points

Mesa Company's fixed budget for the first quarter of calendar year 2011 reveals the following.

Sales (16,500 units) $ 3,366,000

Cost of goods sold

Direct materials $ 392,205

Direct labor700,755

Production supplies 435,105

Plant manager salary 192,205 1,720,270

Gross profit 1,645,730

Selling expenses

Sales commissions132,165

Packaging 263,010

Advertising 100,000 495,175

Administrative expenses

Administrative salaries 242,205

Depreciation—office equip. 212,205

Insurance 182,205

Office rent192,205 828,820

Income from operations $ 321,735

Prepare flexible budgets that show variable costs per unit, fixed costs, and three different flexible budgets for sales volumes of 14,500, 16,500, and 19,500 units. (Input all amounts as positive values. Round your "Variable amount per unit" to 2 decimal places. Omit the "$" sign in your response.)

MESA COMPANY

Flexible Budgets

For Quarter Ended March 31, 2011

Flexible Budget

Variable

Amount

per Unit Total

Fixed

Cost Flexible

Budget for

Unit Sales

of 14,500 Flexible

Budget for

Unit Sales

of 16,500 Flexible

Budget for

Unit Sales

of 19,500

$ $ $ $

Variable costs

Total variable costs

$

Fixed costs

$

Total fixed costs $

$ $ $

2.value:

1.00 points

Cimarron Company’s fixed budget performance report for July follows. The $630,000 budgeted expenses include $592,200 variable expenses and $37,800 fixed expenses. Actual expenses include $49,800 fixed expenses.

Fixed Budget Actual Results Variances

Sales (in units) 8,400 10,800

Sales (in dollars) $ 840,000 $ 1,080,000 $ 240,000 F

Total expenses 630,000 756,000 126,000 U

Income from operations $ 210,000 $ 324,000 $ 114,000 F

Prepare a flexible budget performance report showing any variances between budgeted results and actual results. List fixed and variable expenses separately. (Input all amounts as a positive value. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Leave no cells blank - be certain to enter "0" wherever required. Do not round your intermediate calculations and round your final answers to the nearest dollar amount. Omit the "$" sign in your response.)

CIMARRON COMPANY

Flexible Budget Performance Report

For Month Ended July 31

Flexible Budget Actual Results Variances

$ $ $

$ $ $

3.value:

1.00 points

Daytec Company’s fixed budget performance report for June follows. The $587,000 budgeted expenses include $400,000 variable expenses and $187,000 fixed expenses. Actual expenses include $177,000 fixed expenses.

Fixed Budget Actual Results Variances

Sales (in units) 8,000 6,900

Sales (in dollars) $ 640,000 $ 621,000 $ 19,000 U

Total expenses 587,000 549,000 38,000 F

Income from operations $ 53,000 $ 72,000 $ 19,000 F

Prepare a flexible budget performance report that showing any variances between budgeted and actual results. List fixed and variable expenses separately. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations and round final answers to the nearest dollar amount. Omit the "$" sign in your response.)

DAYTEC COMPANY

Flexible Budget Performance Report

For Month Ended June 30

Flexible Budget Actual Results Variances

$ $ $

$ $ $