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Top managers of Kyler lndustries predicted 2018 sales of 14,700 units of its product af a unit peice of $8.00 Actual saies foc the year
Top managers of Kyler lndustries predicted 2018 sales of 14,700 units of its product af a unit peice of $8.00 Actual saies foc the year wne0 14,500 units at $12.50 each, Variable costs were budgeted at $2.40 por unit, and actual variable costs were $2.50 per unit. Actual fived cosis of $50.000 exceeded budgeted fived costs by $5.500. Prepare Kyler's flexible budget performance teport. What variance contribuled most to the yoar's favorable results? What caused this variance? Prepare a fexible budget performance report for the year. First, complete the flexble budget performance report through the contribution margin ine, then complete the report through the operati income line. Finally, compute the total vaciances. (Enter a "O" tor any zero balances. For any so variances, feave the Favorable (F) Untavorabie ( (L) input blank)
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