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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

  1. What are the respective flexible-budget revenues (A)?
  2. What are the static-budget revenues (B)?
  3. What are the actual variable costs (C)
  4. What is the total flexible-budget variance (D)?
  5. What is the total sales-volume variance (E)?
  6. What is the total static-budget variance?

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