Luxe Boats, Inc. makes luxury speed boats for water skling. Actual results and the static budget for the year are presented below. Sales commissions are computed at 5% of gross sales. The expected ROI for this subsidiary is 26%. The budget was based on 100 boats being sold. Actual sales for the year was 80 boats. The showroom is 10,000 square feet. Managementhas a policy of reviewing in more detail any overall budget variances in excess of 10% if the amount is $10,000 or greater. 1. Compute the flexible budget based on actual units sold and the gross profit percentage used for the static budget. A B C D 8. Assume the company also uses inventory tumover as a KP1. The formyia for the imentory bumover ratic is cost of geods sold didided by average impentoby (a) What is the expecled inventory tumover per the static bedger? round to the nearest hundredth (b) What was the actual inventory aumover? round to the nearest hundredth B.1 Mso compush the inventory tumover if days. The formeia is 365 days divided by inventory tumover ratio cound to the rearest tay (a) What is the exbected imventory turnover, in days, per the static budaet? Luxe Boats, Inc. makes luxury speed boats for water skling. Actual results and the static budget for the year are presented below. Sales commissions are computed at 5% of gross sales. The expected ROI for this subsidiary is 26%. The budget was based on 100 boats being sold. Actual sales for the year was 80 boats. The showroom is 10,000 square feet. Managementhas a policy of reviewing in more detail any overall budget variances in excess of 10% if the amount is $10,000 or greater. 1. Compute the flexible budget based on actual units sold and the gross profit percentage used for the static budget. A B C D 8. Assume the company also uses inventory tumover as a KP1. The formyia for the imentory bumover ratic is cost of geods sold didided by average impentoby (a) What is the expecled inventory tumover per the static bedger? round to the nearest hundredth (b) What was the actual inventory aumover? round to the nearest hundredth B.1 Mso compush the inventory tumover if days. The formeia is 365 days divided by inventory tumover ratio cound to the rearest tay (a) What is the exbected imventory turnover, in days, per the static budaet