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Q2 Nicholas Company manufactures TVs. Some of the company's data was misplaced. Use the following information to replace the lost data: Analysis Actual Results Flexible

Q2 Nicholas Company manufactures TVs. Some of the company's data was misplaced. Use the following information to replace the lost data:

Analysis

Actual

Results

Flexible Variances Flexible Budget

Sales-

Volume Variances

Static Budget
Units Sold 112,500 112,500 103,125
Revenues $42,080 $1,000 F (A) $1,400 U (B)
Variable Costs (C) $200 U $15,860 $2,340 F $18,200
Fixed Costs $8,280 $860 F $9,140 $9,140
Operating Income $17,740 (D) $16,080 (E) $15,140

Required:

a. Compute the respective flexible-budget revenues (A)?

b. Compute the static-budget revenues (B)?

c. Compute the actual variable costs (C)?

d. Compute the total flexible-budget variance (D)?

e. Compute the total sales-volume variance (E)?

f. Compute the total static-budget variance?

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