11 ailfail. X d taxes 764/files/1485955?module_item_id=587763 oblemSet-Chap07.doc F4 4 mSet-Chap07.doc ProblemSet-Chap07.doc (49.5 KB) | A Alternative formats $ R F Problen X S What is Known Abo... V F5 Units Sold 5 Revenues Variable Costs Fixed Costs % Required: 1. Prepare (a) a static budget and (b) a flexible budget Income Statements. 2. Prepare a variance analysis report: (a) Level 1 (static-budget variance) and (b) Level 2 (flexible-budget variance and sales-volume variance). T G B F6 ESG Pre X P2. Nicholas Company manufacturers TVs. Some of the company's data was missing. Use the following information to replace the lost data: Analysis A 6 Y H F7 4- Actual Results 7 PTake a C x 112.500 $42,080 & (C) $8,280 F8 U Page < J+ N M Flexible Variances * 8 $1,000 F $200 U $860 F F9 13 K < (14) You X 1 > of 3 | | 11 Flexible Budget hulu F10 9 0 112.500 (A) $15,860 $9,140 ALCOO W New Tal x + | F11 ) 0 Sales-Volume Variances P $1,400 U $2,340 F F12 ? - [ ZOOM Static Budget 103,1 $18,2 $9,1- Insert P