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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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