Question
Classic Products Company manufactures colonial style desks. Some of the company's data was misplaced. Use the following information to replace the lost data: Actual Results
Classic Products Company manufactures colonial style desks. Some of the company's data was misplaced. Use the following information to replace the lost data:
| Actual Results | Flexible Budget Variances | Flexible Budget | SalesVolume Variances | Static Budget | |
| Units sold | 490,000 | 490,000 | 448,350 | ||
| Revenues | $187,250 | $5,000 F | (A) | $6,260 U | (B) |
| Variable costs | (C) | $890 U | $71,260 | $10,800 F | $82,060 |
| Fixed costs | $36,670 | $3,740 F | $40,410 | 0 | $40,410 |
| Operating income | $78,430 | (D) | $70,580 | (E) | $66,040 |
What amounts are reported for revenues in the flexiblebudget (A) and the staticbudget (B), respectively?
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Financial Accounting An International Introduction
Authors: David Alexander, Christopher Nobe
6th Edition
1292102993, 978-1292102993
