18).png (375.42KR. 1920x1080 -15/15 ** | 0 = x - OX (1) Units Sales Variable costs Contribution margin Fixed costs Operating income SCHMIDT MACHINERY COMPANY Analysis of Operating Income For October 2019 (2) (3) Actual Operating Income Master (Static) Budget Variances 780 1,000 2200 $639,600 100% $800,000 100% $ 160,400U |_350,950 55 450,000 56 99,050F** $288,650 45% $350,000 44% $ 61,350U 160.650*** 25 150.000 19 10.650U $128,000 20% $200,000 25% $ 72,000U denotes an unfavorable effect on operating income. - PO D e na All4M 2013/14 V X12).png (117.640, 1920x1080 - 9/ *** | * = :: - OX Assume that in October 2019 the Schmidt Machinery Company (Exhibit 14.1) manufactured and sold 990 units for $705 each. During this month, the company incurred $415,800 total variable costs and $180,400 total fixed costs. The master (static) budget data for the month are as given in Exhibit 14.1. Required: 1. Prepare a flexible budget for the production and sale of 990 units. 2. Compute for October 2019: a. The sales volume variance, in terms of operating income. Indicate whether this variance was favorable (F) or unfavorable (U). b. The sales volume variance, in terms of contribution margin. Indicate whether this variance was favorable (F) or unfavorable (U). 3. Compute for October 2019: a. The total flexible-budget (FB) variance. Indicate whether this variance was favorable (F) or unfavorable (U). b. The total variable cost flexible-budget variance. Indicate whether this variance was favorable (F) or unfavorable (U). c. The total fixed cost flexible-budget (FB) variance. Indicate whether this variance was favorable (F) or unfavorable (U). d. The selling price variance. Indicate whether this variance was favorable (F) or unfavorable (U). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a flexible budget for the production and sale of 990 units. Units sold Sales Required 1 Required 2 > PO D e me e All4 M 2013/11 V MBX14).png (105. AKD, 1920x1080 11/15 *** | * = -OX Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute for October 2019: a. The sales volume variance, in terms of operating income. Indicate whether this variance was favorable (F) or unfavorable (U). b. The sales volume variance, in terms of contribution margin. Indicate whether this variance was favorable (F) or unfavorable (U) Show less Sales Volume Variance Operating income Contribution margin PO D e me e All4M 2013/14 V 16).png (200KR. 1920x1080 -13/19 *o* | = - OX Required i Required 3 Compute for October 2019: a. The total flexible-budget (FB) variance. Indicate whether this variance was favorable (F) or unfavorable (U). b. The total variable cost flexible-budget variance. Indicate whether this variance was favorable (F) or unfavorable (U). c. The total fixed cost flexible-budget (FB) variance. Indicate whether this variance was favorable (F) or unfavorable (U). d. The selling price variance. Indicate whether this variance was favorable (F) or unfavorable (U). Show less a. The total flexible-budget (FB) variance b. The total variable cost flexible-budget variance C. The total fixed cost flexible-budget (FB) variance d. The selling price variance