Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 33 (6 points) Gen Company manufactures tires. Some of the company's data was misplaced. Use the following information to replace the lost data:
Question 33 (6 points) Gen Company manufactures tires. Some of the company's data was misplaced. Use the following information to replace the lost data: Flexible Actual Results Budget Variances Flexible Budget Sales-Volume Static Variances Budget Units sold 495,000 495,000 453,750 Revenues $185,150 $4,400 F (A) $6,160 U (B) Variable costs (C) $880 U $69,780 $10,300 F $88,080 Fixed costs $36,430 $3,770 F $40,200 0 $40,200 Operating income $78,060 (D) $70,770 (E) $66,630 What is the total flexible-budget variance (D)? a) $240 unfavorable b) $0 c) $1,360 favorable d) $7,290 favorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started