ACCT 1116

9 Oto 16 1 Noky VARIANCE ANALYSIS - BUDGETING Required: The owners can see that the company sold a different amount of units than budgeted. They have Timo left 1:46:09 determine the flexible budget amounts and calculate the variances when comparing the flexible budget to the actual results (5 marks). Calculate the amounts and enter them into the boxes below. Marked out of 5.00 26 2 Tag Question Finish (DO NOT ENTER ANY Dollar signs "$" or commas". PLEASE ENTER NUMBERS AS 123456 and where 2 decimals indicated enter number like 123456.78) Variance (show as positive amount) Favorable (F) or Unfavorable (U) Flexible Budget Amount A B G H Static Budget Amount Sales in Units 3500 Sales $ 450,000 Variable Costs $ 220,000 Contribution Margin $ 230,000 Fixed Cost $ 42,000 Net Operating Income $ 188,000 (*do not enter dollar signs or commas) Actual Results 4250 S 507,000 S 228,400 $ 288,600 S 44,000 $ 270,600 L M N 1 D 3 E K P F G. A- I Choose... Favourable Unfavourable Bu H No Choose... . C O Choose D- K Pe Choose