Q. Pretend you are the boss of this company and you are interested in management by exception. List some questions you like to ask your employees?

Sweeney Enterprises manufactures tires for the Formula I motor racing circuit. For August 2017, it budgeted to manufacture and sell 3,600 tires at a variable cost of $71 per tire and total fixed costs of $55,000. The budgeted selling price was $114 per tire. Actual results in August 2017 were 3,500 tires manufactured and sold at a selling price of $116 per tire. The actual total variable costs were $280,000, and the actual total fixed costs were $51,000. Actual results (1) Flexible budget variance (2)=(1)-(3) Flexible budget (3) Static budget Sales- volume variance (4)=(3)-(5) (5) Units sold 3,500 Revenues $406,000 Less: Variable costs $280,000 Contribution margin $126,000 Less: Fixed costs $51,000 Operating income $75,000 $7,000 F $31,500 u $24,500 U $4,000 F $20,500 U 3,500 $399,000 248,900 $150,500 $55,000 $95,500 100 U $11,400 U $7,100 F $4,300 U O $4,300 U 3,600 $410,400 $255,600 $154,800 $55,000 $99,800