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Peters' Company manufactures tires. Some of the company's data was misplaced. Use the following information to replace the lost data: (U: unfavorable, F: favorable) Actual
Peters' Company manufactures tires. Some of the company's data was misplaced. Use the following information to replace the lost data: (U: unfavorable, F: favorable) Actual Flexible-Budget Flexible Sales-Volume Static Results Variances Budget Variances Budget Units sold 225,000 225,000 206,250 Revenues $84,160 $2,000 F (A) $2,800 U Variable costs (B) $400 U $31,720 $4,680 F $36,400 Fixed costs Operating income $16,560 $1,720 F $18,280 0 $18,280 $32,160 $30,280 (For each item below select from the drop-down list.) a) What is the reported revenue in the flexible-budget (A)? Ans. = $ b) What is the actual variable costs (B)? Ans. = $ c) What is the total static-budget variance for operating income? Ans. = $
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