Question
Austin Co. manufactures chairs. Some of the company's data was misplaced. Use the following information to replace the lost data. Please show your work to
Austin Co. manufactures chairs. Some of the company's data was misplaced. Use the following information to replace the lost data. Please show your work to get full credit. Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Master Budget Sales volume (in units) 55,000 60,000 Sales revenu0es $1,050,000 A? $1,200,000 Flexible (variable) costs 440,000 B? 480,000 Contribution margin 610,000 C? 720,000 Capacity-related (fixed) costs 410,000 D? 440,000 Operating profit $200,000 E? $280,000 Required: 1) A 2) B 3) C 4) D 5) E
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