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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 | 4,000 |
|
| 800 F |
|
|
|
|
|
|
|
|
| Sales revenues |
| 8,000 F |
| 72,000 F |
|
| Variable costs | 208,000 |
|
|
|
|
| Contribution margin |
|
|
|
| 128,000 |
| Fixed costs |
| 2,000 U | 24,000 |
|
|
| Operating income |
| 2,000 U |
|
|
|
No computations necessary for this problem.
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