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2) 20 points Bennett Street Table Company manufactures tables for schools. The 2020 operating budget is based on sales of 45,000 units at $55 per
2) 20 points Bennett Street Table Company manufactures tables for schools. The 2020 operating budget is based on sales of 45,000 units at $55 per table. Operating income is anticipated to be $240,000. Budgeted variable costs are $35 per unit, while fixed costs total $660,000. Actual income for 2020 was a surprising $569,000 on actual sales of 46,000 units at $60 each. Actual variable costs were $34 per unit and fixed costs totaled $627,000. Total flexible-budget varience. Required: Prepare a variance analysis report with both flexible-budget and sales-volume variances. Answer: Units sold Revenue VC FC 01 Actual 44.000 2,760,000 1569,000 1,196000 627,000 569,000 Flexible variances 230000 F 46000 F 2761000 F 33,000 F 309.000 F Flexible budget sales 46000 2,53 0,000 1,610000 920000 660,000 Total sales -volume variance 260000 volume variances 55.000 F 35,000 U 20,000 F 0 20.000 F Static 44000 ic (Budget) 2475000 1,54 0,000 900.000 660,000 240,000 can someone provide the calculations please? like how they got the numbers??? thank you! 2) 20 points Bennett Street Table Company manufactures tables for schools. The 2020 operating budget is based on sales of 45,000 units at $55 per table. Operating income is anticipated to be $240,000. Budgeted variable costs are $35 per unit, while fixed costs total $660,000. Actual income for 2020 was a surprising $569,000 on actual sales of 46,000 units at $60 each. Actual variable costs were $34 per unit and fixed costs tataled $627,000. Total flexible-budget varionce Required: Total sales -volume variance Prepare a variance analysis report with both flexible-budget and sales-volume variances
2) 20 points Bennett Street Table Company manufactures tables for schools. The 2020 operating budget is based on sales of 45,000 units at $55 per table. Operating income is anticipated to be $240,000. Budgeted variable costs are $35 per unit, while fixed costs total $660,000. Actual income for 2020 was a surprising $569,000 on actual sales of 46,000 units at $60 each. Actual variable costs were $34 per unit and fixed costs totaled $627,000. Total flexible-budget varience. Required: Prepare a variance analysis report with both flexible-budget and sales-volume variances. Answer: Units sold Revenue VC FC 01 Actual 44.000 2,760,000 1569,000 1,196000 627,000 569,000 Flexible variances 230000 F 46000 F 2761000 F 33,000 F 309.000 F Flexible budget sales 46000 2,53 0,000 1,610000 920000 660,000 Total sales -volume variance 260000 volume variances 55.000 F 35,000 U 20,000 F 0 20.000 F Static 44000 ic (Budget) 2475000 1,54 0,000 900.000 660,000 240,000
can someone provide the calculations please? like how they got the numbers???
thank you!
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