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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

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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

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