Top managers of Root Industries predicted 2018 sales of 14,400 units of its product at a unit price of $6.50. Actual sales for the year were 14,200 units at $9.50 each Variable costs were budgeted at $2.80 per unit, and actual variable costs were $2.90 per unit. Actual fixed costs of $46,000 exceeded budgeted fixed costs by $4,500 Prepare Root'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 floxible budget performance report through the contribution margin line, then complete the report through the operating income line. Finally, compute the total variances (Enter a "0"for any zero balances. For any 50 variances, leave the Favorable (FyUnfavorable (U) input blank.) 5 Root Industries Flexible Budget Performance Report For the Year Ended December 31, 2018 1 2 3 (1)-(3) Flexible Actual Budget Flexible Results Variance Budget Budget Amounts Per Unit (3) - (5) Sales Volume Variance Static Budget Units Sales Revenue Variable Costs Contribution Margin Fixed Costs DOOI Operating Income What variance contributed most to the year's favorable results? What caused this variance? Choose from any list or enter any number in the input fields and then continue to the next question budget performance report thro urt through the operating income line. Finally, compute the total variances. (Enter a "0" for any zero avorable (U) input blank.) Root Industries Flexible Budget Performance Report For the Year Ended December 31, 2018 1 2 3 5 Budget Amounts (3) - (5) Sales (1)-(3) Flexible Budget Variance Actual Flexible Volume Static Per Unit Results Budget Variance Budget gin Flexible Budget Variance Sales Volume Variance Static Budget Variance Contributed most to the year's favorable results? What caused this variance? my list or enter any number in the input fields and then continue to the next question. O PRI 45 1 4 5 Flexible Budget Performance Report For the Year Ended December 31, 2018 2 3 (1) - (3) Flexible Actual Budget Flexible Results Variance Budget (3) - (5) Budget mounts Sales Volume Static Per Unit Variance Budge F U ated most to the year's favorable results? What caused this variance? or enter any number in the input fields and then continue to the next question. 45 Root Industries Flexible Budget Performance Report For the Year Ended December 31, 2018 1 2 3 5 (1) - (3) (3) - (5) Flexible Sales get unts Actual Flexible Volume Static Budget Variance Unit Results Budget Variance Budget ho d most to the year's favorable results? Flexible Budget Variance Sales Volume Variance Static Budget Variance enter any number in the input fields a 45 ne Year Ended December 31, 2018 1 2 3 4 5 (1)-(3) (3) - (5) Flexible Sales ctual Flexible Budget Variance Volume Static esults Budget Variance Budget year's favorable results? What caused this vai F U mber in the input fields and then continue ti 45 What variance contributed most to the year's favorable results? What caused this variance? The variance contributing most to the year's excellent results is the favorable selling the company's product at This variance resulted from Choose from any list or enter any number in the input fields and then continue to the next question. ice Budget Variance Budget flexible budget variance for operating income flexible budget variance for sales revenue sales volume variance for operating income sales volume variance for sales revenue results? What caused This variance resulted from results is the favorable nput fields and then continue to the next question. sts Income wariance contributed most t a higher-than-expected price a lower-than-expected price the normal price lused this variance? rable ariance contributing most to g the company's product at ose from any list or enter any number in the input fields and then continue to the next questi B IN 45
