Strauss table Company manufactures table for schools. The 2015 operating budget is based on sales of 44,000 units at $110 per table. Budgeted variable costs are $70 per unit, while fixed costs total $760,000. Actual sales were 46000 tables at a selling price of $114 each. Actual variable cost were $66 /table and fixed costs totalled $737,000. 1. Prepare a variance analysis report for Strauss table company with both flexible-budget and sales-volume variances.

Actual Results Flexible Variances Flexible Budget Volume Variances Sales-Static

Units Sold

Sales

Variable costs

Contribution Margin

Fixed Costs

Operating Income