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Prepare the flexible budget performance report: Top managers of White Industries predicted 2016 sales of 14,700 units of its product at a unit price of
Prepare the flexible budget performance report:
Top managers of White Industries predicted 2016 sales of 14,700 units of its product at a unit price of $7.50. Actual sales for the year were 14,000 units at $11.00 each Variable costs were budgeted at $2.40 per unit, and actual variable costs were $2.50 per unit. Actual fixed costs of $44,000 exceeded budgeted fixed costs by $4,000 Prepare White's flexible budget performance report. What variance contributed most to the years favorable results? What caused this varianceStep by Step Solution
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