Question
Lor Co.s most recent data is provided in the report below, however some amounts are missing. The actual sales price per unit was $5.35 compared
Lor Co.s most recent data is provided in the report below, however some amounts are missing. The actual sales price per unit was $5.35 compared to the budget price of $5.00 per unit. Actual variable costs per unit produced were $3.80. Use the following information to provide missing amounts that are indicated alphabetically. For each letter in a square below, provide the missing amount on the corresponding blank line:
Letters D, G, H, N, R and S are work one-half point each. All remaining letters (missing amounts) are worth 1 point each for a combined total of 16 points. Include Fav/Unfav descriptions where appropriate.
\begin{tabular}{||l|c|c|c|c|c||} \hline Analysis Report & ActualResults & FlexibleBudgetVariance & FlexibleBudget & Sales-VolumeVariances & StaticBudget \\ \hline Units Sold & 130,000 & A) & B) & C) & 150,000 \\ \hline Revenues & D) & $45,500 Fav & E) & I) & \$) \\ \hline Variable Costs & H & $26,000Fav & I) Fav & J) \\ \hline Fixed Costs & K) & \$10,000 Unfav & L) & M) & $97,500 \\ \hline & N) & 0) & P) & Q) & R) \\ \hline \end{tabular} S) The Static Budget Variance equals $ \begin{tabular}{||l|c|c|c|c|c||} \hline Analysis Report & ActualResults & FlexibleBudgetVariance & FlexibleBudget & Sales-VolumeVariances & StaticBudget \\ \hline Units Sold & 130,000 & A) & B) & C) & 150,000 \\ \hline Revenues & D) & $45,500 Fav & E) & I) & \$) \\ \hline Variable Costs & H & $26,000Fav & I) Fav & J) \\ \hline Fixed Costs & K) & \$10,000 Unfav & L) & M) & $97,500 \\ \hline & N) & 0) & P) & Q) & R) \\ \hline \end{tabular} S) The Static Budget Variance equals $Step by Step Solution
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