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TeleTube Inc. manufacturers TVs. Unfortunately, some of the company's data was misplaced by an IT error. Use the following information to replace the lost data:
TeleTube Inc. manufacturers TVs. Unfortunately, some of the company's data was misplaced by an IT error. 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 | $1,000 F | (A) | $1,400 U | (B) |
Variable Costs | (C) | $200 U | $15,860 | $2,340 F | $18,200 |
Fixed Costs | $8,280 | $860 F | $9,140 | $9,140 | |
Operating Income | $17,740 | (D) | $16,080 | (E) | $15,140 |
Required
- What are the respective flexible-budget revenues (A)?
- What are the static-budget revenues (B)?
- What are the actual variable costs (C)
- What is the total flexible-budget variance (D)?
- What is the total sales-volume variance (E)?
- What is the total static-budget variance?
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