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The Ornate Company Has the Following Information Pertaining to the Month

question 139

Essay

The Ornate Company has the following information pertaining to the month of March:  Units of output, actual $21,000 Fixed costs, actual $497,000 Operating profit, master budget $220,000 Sales price variance $84,000U Beginning and ending inventories 0 Sales volume variance, revenue $300,000U Budgeted selling price per unit $100 Variable costs, master budget $1,680,000 Contribution margin, actual $516,000\begin{array} { | l | r | r | } \hline \text { Units of output, actual } & \$ 21,000 & \\\hline \text { Fixed costs, actual } & \$ 497,000 & \\\hline \text { Operating profit, master budget } & \$ 220,000 & \\\hline \text { Sales price variance } & \$ 84,000 & \mathrm { U } \\\hline \text { Beginning and ending inventories } & 0 & \\\hline \text { Sales volume variance, revenue } & \$ 300,000 & \mathrm { U } \\\hline \text { Budgeted selling price per unit } & \$ 100 & \\\hline \text { Variable costs, master budget } & \$ 1,680,000 & \\\hline \text { Contribution margin, actual } & \$ 516,000 & \\\hline\end{array}
Required:
Prepare a performance report for March including columns for the (a)actual results, (b)flexible budget, (c)flexible budget variance, (d)master budget,and (e)sales activity variance.

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Definitions:

Homogenization

The process of making things uniform or similar, often seen in cultures losing distinct features due to globalization.

Regionalization

Is the division of the world into different and often competing economic, political, and cultural areas.

Sociologists

Scholars and specialists who study society and social behavior by examining the groups, cultures, organizations, social institutions, and processes that develop when people interact and work together.

Source

The origin or provider of information, materials, or evidence, used in various contexts including research, journalism, and supply chains.

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