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Please help me with the white sections Top managers of Cole Industries predicted 2024 sales of 14,500 units of its product at a unit price
Please help me with the white sections
Top managers of Cole Industries predicted 2024 sales of 14,500 units of its product at a unit price of S7 50 Actual sales for the year were 14,000 units at Sl 0.50 each. Variable costs were budgeted at $2.20 per unit, and actual variable costs were $2.30 per unit Actual fixed costs of S467000 exceeded budgeted fixed costs by $5,000. Prepare Cole's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Budget Amounts Per Unit Units Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income S 7_50 220 S s Actual Results 14,000 147 , 000 32,200 114,800 46,000 68,800 S S Flexible Budget Variance 42,000 1 ,400 40,600 5,000 35,600 Flexible Budget 14,000 105,000 30,800 74,200 41 ,000 33,200 Sales Volume Variance 3,750 1,100 2,650 0 2,650 Static Budget 14500 108,750 31,900 76,850 41,000 35,850 Flexible Budget Variance Sales Volume Variance Static Budget Variance
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