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8-36 Summary Explanation Higgins Company produced 50,000 units, 10,000 more than budgeted. Production data are as follows. Except for physical units, all quantities are in
8-36 Summary Explanation Higgins Company produced 50,000 units, 10,000 more than budgeted. Production data are as follows. Except for physical units, all quantities are in dollars. Actual Flexible Sales- Results at Budget Flexible Activity Static Actual Prices Variances Budget Variances Budget Physical units 50,000 ? 40,000 Sales ? 5,500 F ? ? 520,000 Variable costs 315,000 ? 300,000 Contribution ? ? ? ? ? margin Fixed costs 8,000 U 60,000 Income . 1. Fill in the unknowns
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