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I need help sovling this accounting question. it was to long to fit in one photo so I had to post two. please help! thanks
I need help sovling this accounting question. it was to long to fit in one photo so I had to post two. please help! thanks in advance!
0 Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.) The fixed budget for 21700 units of production shows sales of S629,300; variable costs of $65,100; and fixed costs of $142,000. QS 21-3 (Algo) Flexible budget income calculation LO P1 of the company actually produces and sells 26,900 units, calculate the flexible budget Income. Sales Variable costs Contribution margin Fixed costs -Flexible Budget.... -...Flexible Budget at Variable Amount Total Fixed + 21,700 units per Unit Cost 26,900 units 29 $ 629,300 3 65,100 $ 26 $ 564,200 $ 0 $ 142,000 142,000 142,000 $ 422,200 $ (142,000) income Required information Use the following information for the Quick Study below. (Algo) (The following information applies to the questions displayed below) The fixed budget for 21700 units of production shows sales of $629,300; variable costs of $65,100; and fixed costs of $142,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 26,900 units at $731,100. Actual variable costs were $113,100 and actual fixed costs were $130,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report Flexible Budget Actual Results Variances $ Favorable/ Unfavorable Unfavorable Unfavorable Unfavorable Favorable Unfavorable Contribution margin 731,100 113,100 618,000 130,000 488,000 0 142.000 (142,000) $ $ Step by Step Solution
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