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answer in a table form, 2 columns and about 25 rows. Must use good formatting. Use the Insert Table feature to keep the answer in
answer in a table form, 2 columns and about 25 rows.
Must use good formatting. Use the Insert Table feature to keep the answer in legible format. You will need to set up 4 columns and perhaps 25 or so rows. You have been provided the following information for your division. The company is worried about why the actual operating income of your division is lower than what was originally budgeted. Prepare a performance evaluation report, using the Flexible Budgeting approach, to understand what happened. Show columns for Flexible Budget, Actual Results, and Flexible Budget Variance. Label each variance as favorable (F) or unfavorable (U). Static Budget Actual Results No. of standard vacuum cleaners budgeted/sold No. of Premium vacuum cleaners budgeted/sold 15,000 14,360 8,000 8,270 Total Sales Revenue Standard Vacuum Cleaner Premium Vacuum Cleaner Total Sales Revenue Total $1,500,000.00 $1,378,560.00 $1,600,000.00 $1,695,350.00 $3,100,000.00 $3,073,910.00 Direct Material Standard Premium $570,000.00 $612,000.00 $574,400.00 $661,600.00 Direct Labor Standard Premium $210,000.00 $280,000.00 $193,860.00 $297,720.00 $30,000.00 $60,000.00 $31,592.00 $58,717.00 Variable Selling and Administration Overhead Standard Premium $135,000.00 $160,000.00 $125,650.00 $181,940.00 Fixed Costs Manufacturing Costs Selling & Administrative costs Interest Expense $250,000.00 $234,300.00 $56,000.00 $275,000.00 $250,000.00 $56,000.00 Variable Manufacturing Overhead Standard PremiumStep by Step Solution
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