Higgins Company produced 50,000 units, 10,000 more than budgeted. Production data are as follows. Except for physical
Question:
Higgins Company produced 50,000 units, 10,000 more than budgeted. Production data are as follows. Except for physical units, all quantities are in dollars.
1. Fill in the unknowns.
2. Give a brief summary explanation of why the original target income was not attained.
Transcribed Image Text:
Sales- Actual Results at Flexible Budget Flexible Avity Static Actual Prices Variances Budget Variances Budget 40,000 520,000 Physical units Sales Variable costs Contribution margin Fixed costs 50,000 5,500 F 315,000 300,000 8,000 U 60,000
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1 2 Sales were 10000 units higher than originally budgeted The flexible budget shows that th...View the full answer
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Related Book For
Introduction to Management Accounting
ISBN: 978-0133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
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