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Top managers of Yearon Ltd. predicted the following year's sales of 147,000 units of its product at a unit price of $8.40. Actual sales for
Top managers of Yearon Ltd. predicted the following year's sales of 147,000 units of its product at a unit price of $8.40. Actual sales for the year were 143,000 units at $10.00 each. Variable expenses were budgeted at $2.65 per unit, and actual variable expenses were $2.85 per unit. Actual fixed expenses of $450,000 exceeded budgeted fixed expenses by $40,000. Prepare Yearon Ltd.'s income statement performance report. What variance contributed most to the year's favourable results? What caused this variance? Prepare Yearon Ltd.'s income statement performance report. (For accounts with a zero balance, make sure to enter "0" in the approprlate column. Label each variance as favourable (F) or unfavourable (U). If the varlance is zero, do not select a label.) What variance contributed most to the year's favourable results? What caused this variance? The variance contributing most to the year's excellent results is the variance for . This variance resulted from the company's product at -than-expected prices
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