Estimating flexible selling expense budget and computing sales volume variance.Florence Products estimates that it will incur the following selling expenses next period:
Required:
a.Derive the cost equation for selling expenses.(Hint: y = a + bx + cy. )
b.Assume that Florence sells 62,000 units during the period.Budgeted sales totaled 75,000 units at a budgeted sales price of $5.50 per unit.Prepare a variance report to show the difference between the master budget and the flexible budget.
(Florence Products;estimating flexible selling expense budget and computing variances. )
Definitions:
Flexibility
Easily bent, compliant, yielding to persuasion.
Motivated
Having a strong reason to act or accomplish something; driven by certain goals or desires.
Takes Initiative
The act of taking the first step or move in a process without being asked or told to, often showing leadership or the willingness to begin tasks independently.
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