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How do I find the Flexible Budget with what I'm given please? The Sodus Company produces engine parts for car manufacturers. A new accountant intern
How do I find the Flexible Budget with what I'm given please?
The Sodus Company produces engine parts for car manufacturers. A new accountant intern at Sodus has accidentally deleted the company's variance analysis calculations for the year ended December 31, 2020. The following table is what remains of the data. (Click the icon to view the data.) Read the requirements Requirement 1. Calculate all the required variances. (If your work is accurate, you will find that the total static-budget variance is $0.) Begin with the flexible budget columns, then the sales volume variance column. Label each variance as favorable (F) or unfavorable (U). (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label. Round your answers to the nearest whole dollar.) Actual Flexible Flexible-Budget Variance Results Budget Units sold 130,000 Revenues (sales) $ 715,000 450,000 Variable costs Contribution margin 265,000 264,900 Fixed costs $ 100 Operating income The Sodus Company produces engine parts for car manufacturers. A new accountant intern at Sodus has accidentally deleted the company's variance analysis calculations for 31, 2020. The following table is what remains of the data. (Click the icon to view the data.) Read the requirements Data Table Requirement 1. Calcy balance, mal Begin with the flexible appropriate field. If the Performance Report, Year Ended December 31, 2020 Actual Flexible-Budget Sales-Volume Results Variances Flexible Budget Variances 130,000 Static Budget 91,000 Units sold Units sold Revenues (sales) $ $ 715,000 450,000 291,200 191,100 Revenues (sales) Variable costs Variable costs Contribution margin 265,000 264,900 100,100 100,000 Contribution margin Fixed costs $ 100 Fixed costs $ 100 Operating income Operating income Print DoneStep by Step Solution
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