Flexible budget. Sweeney Enterprises manufactures tires for the Formula I motor racing circuit. For August 2017, it
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Question:
Flexible budget. Sweeney Enterprises manufactures tires for the Formula I motor racing circuit. For August 2017, it budgeted to manufacture and sell 3,600 tires at a $71 per tire and total fixed costs of $55,000. The budgeted selling price was $114 per tire. Actual results in August 2017 were 3,500 tires manufactured and sold at a selling price of $116 per tire. The actual total variable costs were 5280,000, and the actual total fixed costs were $51,000.
Requirements
1. Prepare a performance report that uses a flexible budget
2. Comment on the results in requirement 1.
Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 978-0134475585
16th edition
Authors: Srikant M. Datar, Madhav V. Rajan
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