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please help (b1) with steps! Mary Baldwin was a bit anxious as she created the year-end performance reports. She remembered how management had hoped the
please help (b1) with steps!
Mary Baldwin was a bit anxious as she created the year-end performance reports. She remembered how management had hoped the economy would make a favorable turn, taking pressure off consumers so they'd feel more comfortable spending on the company's splurge item-a luxurious hooded cotton robe. Alas, actual production and sales ended at 5,800 units, a whopping 1,000 units shy of the company's original budget. The following information presents the company's actual income statement and other key information for Mary. Standards are as follows. Additional master budget information: Your answer is correct. Present the company's complete flexible budget for the year and compare it to the actual results to determine flexible budget variances for each line item; include the amount and sign for all variances. Present the company's complete flexible budget for the year and compare it to the actual results to determine flexible budzet. Break down the DM flexible budget variance into the price and efficiency variances. How many yards of DM did the company expect it would use for actual production? DM price variance DM efficiency variance Expected DM use Step by Step Solution
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