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Can you please show me the steps to get the correct answer (not the one in red)? Thanks Question 1 0/0.15 pts The actual information
Can you please show me the steps to get the correct answer (not the one in red)? Thanks
Question 1 0/0.15 pts The actual information pertains to the month of August. As part of the budgeting process, Alloway's Fencing Company developed the following static budget for August. Alloway is in the process of preparing the flexible budget and understanding the results. Actual Static Flexible budget Results Budget Sales Volume 8.500 8.000 in units) Sales $328,500 336.000 Revenue Direct $69,300 67,200 materials Direct labor 99,400 100.800 |v 41.800 42.000 Fixed Costs 57.500 58,000 Operating 68,000 income What is the sales price variance ? You Answered 200 Correct Answer 28,500 margin of error +/- 1 Question 2 0/0.2 pts The actual information pertains to the month of August. As part of the budgeting process, Alloway's Fencing Company developed the following static budget for August. Alloway is in the process of preparing the flexible budget and understanding the results Actual Results Flexible budget Static Budget 7.000 336,000 67,200 Sales Volume 8,500 in units) Sales $347,500 Revenue Direct $70,300 materials Direct labor 103,400 VMOH 43,800 Fixed Costs 56,500 Operating income 100,800 42,000 58.000 68.000 What is flexible budget variance for vmoh? (if the variance is favorable enter a negative number) You Answered -1.500 Correct Answer -7.200 margin of error +/- 1Step by Step Solution
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