The Next Year's Budget for Temper,Inc At the End of the Year,the Total Fixed Costs and

question 6

Essay

The next year's budget for Temper,Inc. ,is given below:

$$\begin{array} { | l | r | r | } \hline & \text { Procuct 1 } & \text { Procuct 2 } \\\hline \text { Sales } & \$ 945,000 & \$ 688,500 \\\hline \text { Variable costs } & 459,900 & 297,000 \\\hline \text { Fixed costs } & 300,000 & 300,000 \\\hline \text { Net income } &\underline{ \$ 185,100} &\underline{ \$ 91,500} \\\hline \text { Units } & 126,000 & 54,000 \\\hline\end{array}$$
At the end of the year,the total fixed costs and the variable costs per unit were exactly as budgeted,but the following units per product line were sold:
$$\begin{array} { | c | r | r | } \hline \text { Product Line } & \text { Units } & \text { Sales } \\\hline 1 & 126,200 & \$ 958,579 \\\hline 2 & 56,800 & \$ 721,010 \\\hline\end{array}$$
Required:
(Be sure to indicate whether the variance is favorable or unfavorable. )
a.Compute the sales activity variance for each product.b.Compute the sales mix variance for each product.c.Compute the sales quantity variance for each product.

Recognize the role of stress and lifestyle factors in the development and management of diseases.

Acknowledge the changes in disease patterns and the implications for health psychology.

Understand the significance of health psychology training and the settings in which health psychologists work.

Appreciate the contribution of health psychology to controlling healthcare costs.

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Definitions:

Petty Cash Fund

A modest cash reserve used for quick payments for assorted trifling expenses.

Replenished

The process of refilling or restocking items to their required or previous level, often used in inventory and supply chain management.

Office Supplies

Consumable items used in offices or businesses for daily operations, such as stationery, printer ink, and cleaning supplies.

Postage

The cost associated with mailing items via the postal service, determined by the size, weight, and destination of the item.