Question
Quindo Table Company manufactures tables for schools. The 2015 operating budget is based on sales of 44,000 units at $55 per table. Operating income is
Quindo Table Company manufactures tables for schools. The 2015 operating budget is based on sales of 44,000 units at $55 per table. Operating income is anticipated to be $220,000. Budgeted variable costs are $35 per unit, while fixed costs total $660,000.
Actual operating income for 2015 was a surprising $477,000 on actual sales of 47,000 units at $57 each. Actual variable costs were $33 per unit and fixed costs totaled $627,000.
Required [18]
Make a variance analysis including both flexible-budget variance and sales-volume variances related to every single element in the Income Statement. Indicate variances either F or U accordingly.
Please use the chart below
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