Question
Complete the following table by filling in the unknown quantities and U/F designations for variances. Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance
Complete the following table by filling in the unknown quantities and U/F designations for variances.
|
|
Actual Results | Flexible Budget Variance |
Flexible Budget | Sales Volume Variance |
Master Budget |
| Units | 2,100 |
|
|
| 2,000 |
|
|
|
|
|
|
|
| Sales revenues | $102,000 |
|
|
|
|
| Variable costs |
| $ 1,000 U |
|
| $ 60,000 |
| Contribution margin |
|
|
|
|
|
| Fixed costs | 29,000 |
| 30,000 |
|
|
| Operating income |
|
| $ 12,000 |
|
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
International Financial Management
Authors: Geert Bekaert, Robert Hodrick
3rd edition
1107111820, 110711182X, 978-1107111820
