Question
Ryan Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to replace the lost data: Analysis Actual Results Flexible Variances
Ryan Company manufacturers 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 | $1,500 F | (A) | $1,700 U | (B) |
Variable Costs | (C) | $250 U | $15,860 | $2,340 F | $18,200 |
Fixed Costs | $8,280 | $860 F | $9,140 |
| $9,140 |
Operating Income | $17,690 | (D) | $16,580 | (E) | $14,940 |
Required:
a. What are the respective flexible-budget revenues (A)?
b. What are the static-budget revenues (B)?
c. What are the actual variable costs (C)?
d. What is the total flexible-budget variance (D)?
e. What is the total sales-volume variance (E)?
f. What is the total static-budget variance?
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