Vernon Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price $ 36.70 Materials cost 8.40 Labor cost 3.60 Overhead cost 6.00 Selling, general, and administrative costs 6.40 Planned fixed costs Manufacturing overhead $ 132,000 Selling, general, and administrative 53,000 Assume that Vernon actually produced and sold 36,000 books. The actual sales price and costs incurred follow: Actual price and variable costs Sales price $ 35.70 Materials cost 8.60 Labor cost 3.50 Overhead cost 6.05 Selling, general, and administrative costs 6.20 Actual fixed costs Manufacturing overhead $ 117,000 Selling, general, and administrative 59,000 Required a. & b. Determine the flexible budget variances and also indicate the effect of each variance by selecting favorable (F) or unfavorable (U).

Check the explanation

Explanation:

                                          Walton Publications

                                    Flexible Budget variance

                               Flexible Budget  Actual results  Variances

Units                                30000             30000  

Sales                               $11,04,000    $10,74,000     $30,000  U

Variable manufacturing costs:    

Materials                        $2,49,000     $2,55,000       $6,000  U

Labor                              $1,14,000       $1,11,000          $3,000  F

Overhead                       $1,83,000      $1,84,500        $1,500  U

Selling, general and

administrative costs       $2,16,000     $2,10,000        $6,000  F

Contribution Margin       $3,42,000    $3,13,500        $28,500  U

Fixed costs:    

Manufacturing Overhead $1,33,000   $1,18,000        $15,000  F

Selling, general and

administrative costs          $52,000      $58,000        $6,000  U

Net Income                        $1,57,000    $1,37,500      $19,500  U

Kindly check the attached image for the spreadsheet format

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

the correct answer is d. wealthy colonists to take care of the less fortunate. hope this