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Please show how you calculate. Thank you! E7-24 (similar to) Question Help The Beekman Company produces engine parts for car manufacturers. A new accountant intern
Please show how you calculate. Thank you!
E7-24 (similar to) Question Help The Beekman Company produces engine parts for car manufacturers. A new accountant intern at Beekman has accidentally deleted the company's variance analysis calculations for the year ended December 31, 2020. The following table is what remains of the data. (Click the icon to view the data.) Read the requirements. Begin with the flexible budget columns, then the sales volume variance column. Label each variance as favorable (F) or unfavorable (U). (For variances with a $0 balance, make sure to enter "O" in the appropriate field. If the variance is zero, do not select a label. Round your answers to the nearest whole dollar.) Actual Flexible Flexible-Budget Variance Results Budget Units sold 110,000 Revenues (sales) $ 687,500 430,000 Variable costs Contribution margin 257,500 241,300 Fixed costs $ 16,200 Operating income Choose from any list or enter any number in the input fields and then click Check Answer. ? i X Data Table to Performance Report, Year Ended December 31, 2020 Actual Flexible-Budget Sales-Volume Results Variances Flexible Budget Variances 110,000 Static Budget 92,000 $ Units sold Revenues (sales) Variable costs Contribution margin Fixed costs 687,500 430,000 294,400 193,200 257,500 241,300 101,200 85,000 16,200 $ 16,200 Operating income Print DoneStep by Step Solution
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