The numbers in white, NOT highlighted in blue, are wrong. Static-Budget Variances and Static budget are wrong.
Finance Organizer Printers, Inc., produces luxury checkbooks with three checks and stubs per page. Each checkbook is designed for an individual customer and is ordered through the customer's bank. The company's operating budget for September 2017 included these data: |(Click the icon to view the operating budget and actual results.) The executive vice president of the company observed that the operating income for September was much lower than anticipated, despite a higher-than-budgeted selling price and a lower-than-budgeted variable cost per unit. As the company's management accountant, you have been asked to provide explanations for the disappointing September results. Finance Organizer develops its flexible budget on the basis of budgeted per-output-unit revenue and per-output-unit variable costs without detailed analysis of budgeted inputs. Read the requirements. Requirement 1. Prepare a static-budget-based variance analysis of the September performance. Begin with the actual results, then compute the static budget and the static-budget variances. Label each variance as favorable or unfavorable. (Enter an operating loss with a minus sign or parentheses.) Actual Static-Budget Static Results Variances Budget Units sold 1800 U 16700 i - 16,700 417,500 100,200 Revenues $ Data Table 400800 U 16700 Variable costs 116900 F. 16700 Contribution margin 317,300 2839001 U 39100 The budgeted amounts for September 2017 were: 135,800 Fixed costs 130000 U Number of checkbooks 19,000 $ 181,500 153900 39100 Operating income (loss) U Selling price per book X 24 1 Requirements Variable cost per book $ 7 Fixed costs for the month $ 130,000 The actual results for September 2017 were as follows: 1. Prepare a static-budget-based variance analysis of the September performance. 2. Prepare a flexible-budget-based variance analysis of the September performance. 3. Why might Finance Organizer find the flexible-budget-based variance analysis more informative than the static-budget-based variance analysis? Explain your 16,700 Choose from any list or enter any number in the input fields and then click C Number of checkbooks produced and sold Average selling price per book Variable cost per book 25 answer. $ 6 5 parts remaining Fixed costs for the month $ 135,800 Print Done Finance Organizer Printers, Inc., produces luxury checkbooks with three checks and stubs per page. Each checkbook is designed for an individual customer and is ordered through the customer's bank. The company's operating budget for September 2017 included these data: |(Click the icon to view the operating budget and actual results.) The executive vice president of the company observed that the operating income for September was much lower than anticipated, despite a higher-than-budgeted selling price and a lower-than-budgeted variable cost per unit. As the company's management accountant, you have been asked to provide explanations for the disappointing September results. Finance Organizer develops its flexible budget on the basis of budgeted per-output-unit revenue and per-output-unit variable costs without detailed analysis of budgeted inputs. Read the requirements. Requirement 1. Prepare a static-budget-based variance analysis of the September performance. Begin with the actual results, then compute the static budget and the static-budget variances. Label each variance as favorable or unfavorable. (Enter an operating loss with a minus sign or parentheses.) Actual Static-Budget Static Results Variances Budget Units sold 1800 U 16700 i - 16,700 417,500 100,200 Revenues $ Data Table 400800 U 16700 Variable costs 116900 F. 16700 Contribution margin 317,300 2839001 U 39100 The budgeted amounts for September 2017 were: 135,800 Fixed costs 130000 U Number of checkbooks 19,000 $ 181,500 153900 39100 Operating income (loss) U Selling price per book X 24 1 Requirements Variable cost per book $ 7 Fixed costs for the month $ 130,000 The actual results for September 2017 were as follows: 1. Prepare a static-budget-based variance analysis of the September performance. 2. Prepare a flexible-budget-based variance analysis of the September performance. 3. Why might Finance Organizer find the flexible-budget-based variance analysis more informative than the static-budget-based variance analysis? Explain your 16,700 Choose from any list or enter any number in the input fields and then click C Number of checkbooks produced and sold Average selling price per book Variable cost per book 25 answer. $ 6 5 parts remaining Fixed costs for the month $ 135,800 Print Done
