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Top managers of Stenback Industries predicted 2024 sales of 14,900 units of its product at a unit price of $10.00. Actual sales for the
Top managers of Stenback Industries predicted 2024 sales of 14,900 units of its product at a unit price of $10.00. Actual sales for the year were 14,800 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 $42,000 exceeded budgeted fixed costs by $2,500. Prepare Stenback's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Units Sales Revenue Variable Costs Contribution Margin ges Get more help Selva Muustries Flexible Budget Performance Report For the Year Ended December 31, 2024 1 2 3 4 5 (1)-(3) (3)-(5) Budget Flexible Sales Amounts Actual Budget Flexible Per Unit Results Variance Budget Volume Variance Static Budget Clear all Check answer
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