VARIANCE ANALYSIS - BUDGETING Required: The owners can see that the company sold a different amount of units than budgeted. They have asked yout Time left 0:50:09 determine the flexible budget amounts and calculate the variances when comparing the flexible budget to the actual results (5 marks). Calculate the amounts and enter them into the boxes below. (DO NOT ENTER ANY Dollar signs "S" or commas","PLEASE ENTER NUMBERS AS 123456 and where 2 decimals indicated enter number like 123456.78) Variance (show as positive amount) Favorable (F) or Unfavorable (U) Static Budget Amount Sales in Units 3500 Sales $ 450,000 Variable Costs $ 220,000 Contribution Margin $ 230,000 Fixed Cost $ 42,000 Net Operating Income $ 188,000 (*do not enter dollar signs or commas) Flexible Budget Amount B Actual Results 4250 507,000 $ 228,400 $ 288,600 $ 44,000 $ 270,600 - I -EZO P G L= Favourale A= M= Favourable BE HE CA N= Favourable JE Os Favourable . DE Ke P= Favourable E= F VARIANCE ANALYSIS - BUDGETING Required: The owners can see that the company sold a different amount of units than budgeted. They have asked you determine the flexible budget amounts and calculate the variances when comparing the flexible budget to the acteur Time left 0.30.58 marks). Calculate the amounts and enter them into the boxes below. (DO NOT ENTER ANY Dollar signs "5" or commas","PLEASE ENTER NUMBERS AS 123456 and where 2 decimals indicated enter number like 123456.78) Variance (show as positive amount) Flexible Budget Amount B Favorable (F) or Unfavorable (0) Static Budget Amount 3500 $ 450,000 $ 220,000 $ 230,000 $ 42,000 $ 188,000 Sales in Units Sales Variable Costs Contribution Margin Fixed Cost Net Operating Income G H Actual Results 4250 $ 507,000 $ 228,400 $ 288,600 $ 44,000 $ 270,600 L M N 1 J K (*do not enter dollar signs or commas) w A= GE L= Choose > = HE M= Choose LE C= N= Choose.. DE 41 JE O= Choose P= Choose... KE E= F=