Suvaranat shows the following budgeted and actual data for the current fiscal year: a. Was the company
Question:
Suvaranat shows the following budgeted and actual data for the current fiscal year:
a. Was the company effective in reaching its goals? Support your position with numbers.
b. Was the company efficient in reaching its goals? Support your position with numbers.
c. What was the revenue price variance?
d. Prepare a flexible budget for 10,000 units, assuming that such a level of production and sales is within the same relevant range.
Transcribed Image Text:
Units Sales Variable costs Fixed costs Operating income Master Budget 8,000 $120,000 $56,000 $50,000 $14,000 Flexible Budget 9,000 $135,000 $63,000 $50,000 $22,000 Actual Income Statement 9,000 $136,500 $66,000 $52,000 $18,500
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Related Book For
Managerial Accounting
ISBN: 9780137689453
1st Edition
Authors: Jennifer Cainas, Celina J. Jozsi, Kelly Richmond Pope
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