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1. Calculate and fill in the missing numbers below. 2. Suggest one possible explanation for each of the variances. (B) (C) Sales - units
1. Calculate and fill in the missing numbers below. 2. Suggest one possible explanation for each of the variances. (B) (C) Sales - units Sales - revenue Variable expense Contrib. margin Fixed expense Inc. from operations Interest expense Inc. before taxes Income taxes Net income (A) Master budget 25,000 $1,250,000 (750,000) 500,000 (400,000) 100,000 (10,000) 90,000 (18,900) 71,100 Volume variances (C-A) Flexible budget (410,000) (9,000) (D) Flexible budget variances (E-C) (E) Actual results 26,000 $1,352,000 (793,000) 559,000 (410,000) 149,000 (9,000) 140,000 (30,800) 109,200
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Based on the provided image showing a budget variance analysis there are several missing numbers to fill in and we need to calculate the variances The master budget column A includes expectations the ...Get Instant Access to Expert-Tailored Solutions
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