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 | 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.
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
ISE Computer Accounting With Quickbooks Online
Authors: Donna Kay
2nd Edition
1260590933, 9781260590937
