Edge math lcom /PlayerTest aspx?testlde 16843674 1centerwinsyes ACCT 3111-Sec 20- Cost Accounting 1 (TU/TH 2:00-3:15pm) Megan Barelli Chapter 7 Quiz This Question: 1 pt 1 of 3 (2 complete) This Connolly Enterprises manufactures tires for the Formula 1 motor racing circuit. For August 2017, it budgeted to manufacture and sell 3,300 tires at a variable cost of $79 per tire and total fixed costs of $53,000. The was 5111 per tire. Actual results in August 2017 were 3,100 tires manufactured and sold at a selling price of $114 per tire. The actual total variable costs were $263,500, and the actual total fixed costs were $50,50 Read the requirements Results Variances Budget Budget Variances Unts sold margin Fed costs Operating income equirement 2. Comment on the results in requirement 1 L static-budget variance in aperating income is $ and ain) ] There is a(n) sales-volume variance. The sales-volume variance arises solely because actual units total flexible-budget and sold were than the budgeted 3,300 units. The flexible-budget variance in operating income is due in unit variable costs. rom any list or enter any number in the input fields and then continue to the next question +1 DOLL Edge math lcom /PlayerTest aspx?testlde 16843674 1centerwinsyes ACCT 3111-Sec 20- Cost Accounting 1 (TU/TH 2:00-3:15pm) Megan Barelli Chapter 7 Quiz This Question: 1 pt 1 of 3 (2 complete) This Connolly Enterprises manufactures tires for the Formula 1 motor racing circuit. For August 2017, it budgeted to manufacture and sell 3,300 tires at a variable cost of $79 per tire and total fixed costs of $53,000. The was 5111 per tire. Actual results in August 2017 were 3,100 tires manufactured and sold at a selling price of $114 per tire. The actual total variable costs were $263,500, and the actual total fixed costs were $50,50 Read the requirements Results Variances Budget Budget Variances Unts sold margin Fed costs Operating income equirement 2. Comment on the results in requirement 1 L static-budget variance in aperating income is $ and ain) ] There is a(n) sales-volume variance. The sales-volume variance arises solely because actual units total flexible-budget and sold were than the budgeted 3,300 units. The flexible-budget variance in operating income is due in unit variable costs. rom any list or enter any number in the input fields and then continue to the next question +1 DOLL