calculate stable budget, flexible budget, actual results, volume variance, budget bwrisnce, compute margin, compute turnover, compute ROI, compute residual income

Plan to sell 25,000 units Actually sell 26,000 units Standard Actual cost/unit cost/unit Volume Stable Budget Flexible Budget Variance 52 $ 10 $ 12 $ Sales Revenue Selling, General and Admin Cost Fixed Cost Net Income $ (210,000) Create the Stable and Flexible Budgets Determine the Volume Variances Based on the above information, determine the Budget (Price Variances) Standard Actual cost/unit cost/unitFlexible Budget Actual ResultsVariance Budget 52 S 10 $ 12 $ Sales Revenue Materials Cost Labor Cost Overhead Cost Selling, General and Admin CostS68 Fixed Cost Net Income 49 12 (210,000)