Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need the actual income Budgeted income budgeted CM per unit Flexible budget income Static-budget variance flexible budget variance saws-volume variance Using the following information,

I need the actual income

Budgeted income

budgeted CM per unit

Flexible budget income

Static-budget variance

flexible budget variance

saws-volume variance

image text in transcribed Using the following information, calculate the static budget, flexible budget and sales-volume variances: Actual Budget Total Sales Revenue $880,000 $811,500 Total Direct Materials $95,000 $105,000 Total Direct Labor $53,000 $74,000 Total Fixed Costs $180,000 $180,000 Volume of Production 208,000 units 275,000 units Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Enter all variances as positive values. Actual Income: $ Budgeted Income: $ Budgeted CM per unit: $ Flexible Budget Income: $ Static-budget Variance: $ Favorable + Flexible Budget Variance: $ Favorable + Sales-volume Variance: $ Unfavorable +

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Accounting

Authors: Jill Collis, Andrew Holt, Roger Hussey

3rd Edition

113752149X, 9781137521491

More Books

Students also viewed these Accounting questions