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show work!! The Groton Company produces engine parts for car manufacturers. A new accountant intern at Groton has accidentally deleted the company's variance analysis calculations
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The Groton Company produces engine parts for car manufacturers. A new accountant intern at Groton has accidentally deleted the company's variance analysis calculations for the year ended December 31, 2020. The following table is what remains of the data. (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate all the required variances. (If your work is accurate, you will fin Begin with the flexible budget columns, then the sales volume variance column. Label ea the appropriate field. If the variance is zero, do not select a label. Round your answers to Data table Performance Report, Year Ended December 31, 2020 Units sold Revenues (sales) Variable costs Contribution margin Fixed costs Operating income Actual Results 130,000 $ 715,000 450,000 265,000 201 ,850 63,150 Flexible- Budget Variances Print Flexible Budget Done Sales- Volume Variances Units sold Revenues (sales) Variable costs Contribution margin Fixed costs Operating income Actual Results 130,000 450,000 265,000 201 ,850 63,150 Flexible-Budget Variance Flexible Budget Static Budget 99,000 420,750 237,600 183,150 120,000 63,150
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