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Top managers of McKnight industries predicted 2018 sales of 14,900 units of its product at a unit price of seven dollars. Actual sales for the
Top managers of McKnight industries predicted 2018 sales of 14,900 units of its product at a unit price of seven dollars. Actual sales for the year were 14,000 unit at $11.50 each variable costs were budgeted at $2.60 per unit and actual variable costs were $2.70 Per unit. Actual fixed cost of 49,000 exceeded budgeted fixed cost by 4500 prepare midnights flexible budget performance report what variance contributed most of the years favorable results? what causes this variance ? Question Help Top managers of McKnight Industries predicted 2018 sales of 14,000 units of its product at a unit price of $7.00. Actual sales for the year were 14.000 units at $11.50 each. Variable costs were budgeted at $2.60 per unit, and actual variable costs were $2.70 per unit. Actual fixed costs of $49,000 exceeded budgeted fixed costs by $4,600. Prepare Mcknight's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a flexible budget performance report for the year. First, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income ine. Finally, compute the total variances. (Enter a "O" for any zero balances. For any $0 variances, leave the Favorable (FYUnfavorable (U) input blank.) McKnight Industries Flexible Budget Performance Report For the Year Ended December 31, 2018 (3) - (5) Budget Amounts Per Unit (1)-(3) Flexible Budget Variance Actual Sales Volume Variance Flexible Budget Static Results Budget Units hoose from any list or enter any number in the input fields and then continue to the next question Top managers of McKnight Industries predicted 2018 sales of 14,900 units of its product at a unit price of $7.00. Actual sales for the ve Variable costs were budgeted at $2.60 per unit, and actual variable costs were $2.70 per unit. Actual fixed costs of $49,000 exceeded Prepare Mcknight's flexible budget performance report. What variance contributed most to the year's favorable results? What caused Units Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income TIL N from any ligt renteram numar in the initialde and thanantiate the nautida What variance contributed most to the year's favorable results? What caused this variance? V. This variance resulted from selling the company's The variance contributing most to the year's excellent results is the favorable product at Choose from any list or enter any number in the input fields and then continue to the next
Top managers of McKnight industries predicted 2018 sales of 14,900 units of its product at a unit price of seven dollars. Actual sales for the year were 14,000 unit at $11.50 each variable costs were budgeted at $2.60 per unit and actual variable costs were $2.70 Per unit. Actual fixed cost of 49,000 exceeded budgeted fixed cost by 4500 prepare midnights flexible budget performance report what variance contributed most of the years favorable results? what causes this variance ?
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