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The Beekman Company produces engine parts for car manufacturers. A new accountant intern at Beekman has accidentally deleted the calculations on the company's variance analysis
The Beekman Company produces engine parts for car manufacturers. A new accountant intern at Beekman has accidentally deleted the calculations on the company's variance analysis calculations for the year ended December 31, 2017. The following table is what remains of the data. B (Click the icon to view the data.) Read the requirements. Data Table Actual Flexible-Budget Flexible Sales-Volume Static Results Variances Budget Variances Requirement 1. Calculate all the required variances. (If your work is accurate, you w Budget 98,000 Units sold 105,000 Begin with the flexible budget columns, then the sales volume variance column. Labe appropriate field. If the variance is zero, do not select a label. Round your answers to Revenues (sales) $ $ 672,000 475,000 401,800 220,500 Actual Flexible-Budget Flexible Results Variance Budget Variable costs Contribution margin Units sold 105,000 197,000 130,700 181,300 115,000 Fixed costs Revenues (sales) $ 672,000 475,000 $ 66,300 $ 66,300 Operating income Variable costs Contribution margin 197,000 130,700 Fixed costs $ 66,300 Print Done Operating income
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