Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
8. (16 points) Lor Co.'s most recent data is provided in the report below, however some amounts are missing. The actual sales price per unit
8. (16 points) Lor Co.'s most recent data is provided in the report below, however some amounts are missing. The actual sales price per unit was $9.25 compared to the budget price of $9.00 per unit. Actual variable costs per unit produced were $6.50. Use the following information to provide missing amounts that are indicated alphabetically. For each letter in a square below, provide the missing amount on the corresponding blank line: Analysis Report Actual Results Flexible Budget Variance Flexible Budget Sales-Volume Variances Static Budget 32,000 A) B) Units Sold C) 30,000 D) $8,000 Fav E) F) G) Revenues H $9,600 Fav D $13.600 Un Variable Costs K) $2.000 Un L) M) $24,000 Fixed Costs N) O) P) a) R) Operating Income Letters D, G, H, N. R and S are work one-half point each. All remaining letters (missing amounts) are worth 1 point each for a combined total of 16 points. Include Fav/Unfav descriptions where appropriate, A) B) C) D) E) F) G) H) 1) J) K) L) M) N) P) o) ) S) The Operating Income Variance equals Page 4
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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