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Quindo Table Company manufactures tables for schools. The 2015 operating budget is based on sales of 44,000 units at $50 per table. Budgeted variable costs
Quindo Table Company manufactures tables for schools. The 2015 operating budget is based on sales of 44,000 units at $50 per table. Budgeted variable costs are $30 per unit, while fixed costs total $660,000. Actual sales were 46,000 units at $60 each. Actual variable costs were $33 per unit and fixed costs totaled $627.000. Required: Prepare a variance analysis report with both flexible-budget and sales-volume variances. Quindo Table Company Variance Analysis Flexible Variances Volume Flexible Budget Variances Actual Results Sales Static Units sold a)? b)? c)? d) 2 e)? Sales f) g) ? h)? i)? j)? Variable costs k)? b)? m)? n)? o)? Contribution margin p)? 9) r)? s)? 1)? Fixed costs u)? v)? w)? x)? y)? Operating income z)? aa)? bb)? ce)? dd)
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