Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please can i have the answer within 30 minutes. please make a table with 4 columns and about 25 rows Must use good formatting. Use

please can i have the answer within 30 minutes. please make a table with 4 columns and about 25 rows

image text in transcribed Must use good formatting. Use the Insert Table feature to keep the answer in legible format. You will need to set up 4 columns and perhaps 25 or so rows. You have been provided the following information for your division. The company is worried about why the actual operating income of your division is lower than what was originally budgeted. Prepare a performance evaluation report, using the Flexible Budgeting approach, to understand what happened. Show columns for Flexible Budget, Actual Results, and Flexible Budget Variance. Label each variance as favorable (F) or unfavorable (U). Static Budget Actual Results No. of standard vacuum cleaners budgeted/sold No. of Premium vacuum cleaners budgeted/sold 15,000 14,360 8,000 8,270 Total Sales Revenue Standard Vacuum Cleaner Premium Vacuum Cleaner Total Sales Revenue Total $1,500,000.00 $1,378,560.00 $1,600,000.00 $1,695,350.00 $3,100,000.00 $3,073,910.00 Direct Material Standard Premium $570,000.00 $612,000.00 $574,400.00 $661,600.00 Direct Labor Standard Premium $210,000.00 $280,000.00 $193,860.00 $297,720.00 $30,000.00 $60,000.00 $31,592.00 $58,717.00 Variable Selling and Administration Overhead Standard Premium $135,000.00 $160,000.00 $125,650.00 $181,940.00 Fixed Costs Manufacturing Costs Selling & Administrative costs Interest Expense $250,000.00 $234,300.00 $56,000.00 $275,000.00 $250,000.00 $56,000.00 Variable Manufacturing Overhead Standard Premium

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Taxation Of Individuals And Business Entities 2015

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

6th Edition

978-1259206955, 1259206955, 77862368, 978-0077862367

Students also viewed these Accounting questions