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Question Help Kluver Enterprises manufactures tires for the Formula 1 motor racing circuit. For August 2017, it budgeted to manufacture and sell 3,100 tires at
Question Help Kluver Enterprises manufactures tires for the Formula 1 motor racing circuit. For August 2017, it budgeted to manufacture and sell 3,100 tires at a variable cost of $73 per tire and total fixed costs of $53,000. The budgeted selling price was $112 per tire. Actual results in August 2017 were 3,000 tires manufactured and sold at a selling price of $113 per tire. The actual total variable costs were $243,000, and the actual total fixed costs were $49,000. Read the equirements Actual Results Units sold Revenues Variable costs Contribution margin Fixed costs Operating income Enter any number in the edit fields and then click Check Answer. Clear All Check Answer parts remaining Qu tures tires for the Formula 1 motor racing circuit. For August 2017, it budgeted to manufacture and sell 3,100 tires at a va = of $53,000. The budgeted selling price was $112 per tire. Actual results in August 2017 were 3,000 tires manufactured am actual total variable costs were $243,000, and the actual total fixed costs were $49,000. Actual i Requirements - X Results 1. Prepare a performance report that uses a flexible budget and a static budget. 2. Comment on the results in requirement 1 Print Done edit fields and then click Check
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