Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ahlia company produces engine parts for car manufacturers. A new accountant intern at Ahlia has accidently deleted the calculations on the company's variance analysis
Ahlia company produces engine parts for car manufacturers. A new accountant intern at Ahlia has accidently deleted the calculations on the company's variance analysis calculations for the year ended December 31,2020. The following table is what remains of the data. Performance Report, Year Ended December 31,2020 Actual Flexible- Flexible Sales- Static Results Budget Budget Volume Budget Variances Variances Units sold 130,000 120,000 Revenues (sales) $ 715,000 $420,000 Variable costs 515,000 240,000 Contribution margin 200,000 180,000 Fixed costs 140,000 120,000 Operation Income $ 60,000 $ 60,000 Instructions: Calculate all required variance. (If your work is accurate, you will find the total static- budget variance is $0). ||
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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