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Ahlia company produces engine parts for car manufacturers. A new accountant intern at Ahlia has accidently deleted the calculations year ended December 31,2017. The following
Ahlia company produces engine parts for car manufacturers. A new accountant intern at Ahlia has accidently deleted the calculations year ended December 31,2017. The following table is what remains of the data on the company's variance analysis calculations for the Performance Report, Year Ended December 31,2017 Actual Flexible- Budget Variances Flexible Sales Volume Variances Static Results Budget Budget Units sold Revenues (sales) Variable costs Contribution margin 200,0 Fixed costs Operation Income S 60,000 130,000 715,000 515,000 0 140,000 120,000 $ 420,000 240,000 180,000 120,000 $60,000 Instructions: Calculate all required variance. (If your work is accurate, you will find the total static-budget variance is $0)
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