Question
1. Complete the Performance Report and Answer the Following Questions Act. Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget Units 1020 units
1. Complete the Performance Report and Answer the Following Questions
| Act. Results | Flexible Budget Variance | Flexible Budget | Sales Volume Variance | Static Budget | |
| Units | 1020 units | 1000 Units | |||
| Rev | $110,160 | $100,000 | |||
| TVC | $74,460 | $70,000 | |||
| TCM | $35,700 | ||||
| F | $19,600 | $20,000 | |||
| Oper Inc. | $16,100 | $10,000 |
Describe Precicisely The Meaning of the following variances from this Performance Report:
A. Flexible Budget Variance for Revenues
B. Flexible Budget Variance for Tot Variable Cost
C. Flexible Budget Variance for Fixed Cost
D. Sales Volume Variance For Revenues
E. Sales Volume Variance for Tot Variable Cost
F. Sales Volume Variance for Fixed Cost
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Fraud Examination Investigative And Audit Procedures
Authors: Joseph T. Wells
1st Edition
089930639X, 978-0899306391
