5724 Assume that in October 2022 the Schmidt Machinery Company (Exhibit 14.1) manufactured and sold 1,030 units for $838 each During this month, the company incurred $412,000 total variable costs and $180, 300 total fixed costs. The master budget data for the month are as given in Exhibit 141 Required: 1. Prepare a flexible budget for the production and sale of 1,030 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 flodble budget variance Indicate whether this variance was favorable or unfavorable d. The selling price variance Indicate whether this variance was favorable or unfavorable. look rint 10 Complete this question by entering your answers in the tabs below. rences Required: Required 2 Required a Prepare a flexible budget for the production and sale of 1,030 units. Units sold Sales Required 2 > Check hits 025658 Assume that in October 2022 the Schmidt Machinery Company (Exhibit 141) manufactured and sold 1,030 units for $838 each. Dur this month, the company incurred $412,000 total variable costs and $180 300 total fixed costs. The master budget data for the morn are as given in Exhibit 14.1. Required: 1. Prepare a flexible budget for the production and sale of 1,030 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 ble budget variance Indicate whether this variance was favorable or unfavorable d. The selling price vanance Indicate whether this variance was favorable or unfavorable. eBook Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 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 vartance, in terms of contribution margin. Indicate whether this variance was favorable or unfavorable. Show less Sales Volume Variance Operating Income Contribution margin ME Check my work bg Assume that in October 2022 the Schmidt Machinery Company (Exhibit 14.1) manufactured and sold 1.030 units for $838 each. During this month, the company incurred $412,000 total variable costs and $180,300 total fixed costs. The master budget data for the month are as given in Exhibit 141 Required: 1. Prepare a flexible budget for the production and sale of 1,030 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 cosible budget variance Indicate whether this variance was favorable or unfavorable c The total fixed cost eble budget variance Indicate whether this variance was favorable or unfavorable. d. The selling price vanante indicate whether this variance was favorable or unfavorable 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 fleible budget variance. Indicate whether this variance was favorable or unfavorable, d. The selling price variance Indicate whether this variance was favorable or unfavorable. Show less a. The total flexible budget variance b. The total variable cost flexible budget variance The total forced cost flexible bodgst variance d. The selling price variance 5724 Assume that in October 2022 the Schmidt Machinery Company (Exhibit 14.1) manufactured and sold 1,030 units for $838 each During this month, the company incurred $412,000 total variable costs and $180, 300 total fixed costs. The master budget data for the month are as given in Exhibit 141 Required: 1. Prepare a flexible budget for the production and sale of 1,030 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 flodble budget variance Indicate whether this variance was favorable or unfavorable d. The selling price variance Indicate whether this variance was favorable or unfavorable. look rint 10 Complete this question by entering your answers in the tabs below. rences Required: Required 2 Required a Prepare a flexible budget for the production and sale of 1,030 units. Units sold Sales Required 2 > Check hits 025658 Assume that in October 2022 the Schmidt Machinery Company (Exhibit 141) manufactured and sold 1,030 units for $838 each. Dur this month, the company incurred $412,000 total variable costs and $180 300 total fixed costs. The master budget data for the morn are as given in Exhibit 14.1. Required: 1. Prepare a flexible budget for the production and sale of 1,030 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 ble budget variance Indicate whether this variance was favorable or unfavorable d. The selling price vanance Indicate whether this variance was favorable or unfavorable. eBook Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 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 vartance, in terms of contribution margin. Indicate whether this variance was favorable or unfavorable. Show less Sales Volume Variance Operating Income Contribution margin ME Check my work bg Assume that in October 2022 the Schmidt Machinery Company (Exhibit 14.1) manufactured and sold 1.030 units for $838 each. During this month, the company incurred $412,000 total variable costs and $180,300 total fixed costs. The master budget data for the month are as given in Exhibit 141 Required: 1. Prepare a flexible budget for the production and sale of 1,030 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 cosible budget variance Indicate whether this variance was favorable or unfavorable c The total fixed cost eble budget variance Indicate whether this variance was favorable or unfavorable. d. The selling price vanante indicate whether this variance was favorable or unfavorable 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 fleible budget variance. Indicate whether this variance was favorable or unfavorable, d. The selling price variance Indicate whether this variance was favorable or unfavorable. Show less a. The total flexible budget variance b. The total variable cost flexible budget variance The total forced cost flexible bodgst variance d. The selling price variance