Walton Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price 36.80 Materials cost 8.30 Labor cost 3.80 Overhead cost 6.10 Selling, general, and administrative costs 7.20 Planned fixed costs Manufacturing overhead $133,000 Selling, general and administrative 52,000 Assume that Walton actually produced and sold 30,000 books. The actual sales price and costs incurred follow: Actual price and variable costs Sales price 35.80 Materials cost 8.50 Labor cost 3.70 cost 6.15 Selling, general, and administrative costs 7.00 Actual fixed costs Manufacturing overhead 118,000 Selling, general and administrative 58,000

Check the explanation

Explanation:

                                        Walton Publications

                                    Flexible Budget variance

                                     Flexible BudgetActual results       Variances

Units                                 30000              30000  

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

Variable manufacturing costs:    

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

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

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

Selling, general and

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

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

Fixed costs:    

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

Selling, general and

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

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

the clients (funders) and customers (individual nonprofit staff) are great to work with. that i can be open about being a person of faith when appropriate. the variety of my tasks each day.

answer; empowerment and collaboration;