Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. Prepare a flexible budget for the production and sale of 940 units. 2. Compute for October 2022: a. The sales volume variance, in terms
1. Prepare a flexible budget for the production and sale of 940 units. 2. Compute for October 2022: a. The sales volume variance, in terms of operating income. Indicate whether this variance was favorable or unfavorable. b. The sales volume variance, in terms of contribution margin. Indicate whether this variance was favorable or unfavorable. 3. Compute for October 2022: a. The total flexible budget variance. Indicate whether this variance was favorable or unfavorable. b. The total variable cost flexible budget variance. Indicate whether this variance was favorable or unfavorable. c. The total fixed cost flexible budget variance. Indicate whether this variance was favorable or unfavorable. d. The selling price variance. Indicate whether this variance was favorable or unfavorable. 9 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute for October 2022: a. The total flexible budget variance. Indicate whether this variance was favorable or unfavorable. b. The total variable cost flexible budget variance. Indicate whether this variance was favorable or unfavorable. c. The total fixed cost flexible budget variance. Indicate whether this variance was favorable or unfavorable. cl. The selling price variance. Indicate whether this variance was favorable or unfavorable. Show lessA 30,900 0 Unfavorable a The total exible budget variance $ 0 b. The total variable costexible budget variance $ 18,800 a Unfavorable a c $ 0 d $ 9 30,900 a Unfavorable 18,800 9 Unfavorable The total xed cost exible budget variance The selling price variance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started