XE7-24 (similar to) Question Help The Sodus Company produces engine parts for car manufacturers. A new...

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XE7-24 (similar to) Question Help The Sodus Company produces engine parts for car manufacturers. A new accountant intern at Sodus has accidentally deleted the calculations on the company's variance analysis calculations for the year ended December 31, 2017. The following table is what remains of the data. (Click the icon to view the data.) Read the requirements. i Requirements 1. Calculate all the required variances. (If your work is accurate, you will find that the total static-budget variance is $0.) 2. What are the actual and budgeted selling prices? What are the actual and budgeted variable costs per unit? 3. Review the variances you have calculated and discuss possible causes and potential problems. What is the important lesson learned here? 8 parts Print remaining 30.000 Operating income Choose from any list or enter any number in the input fields and then click Che Done i Data Table Units sold Revenues (sales) Variable costs Contribution margin Fixed costs Operating income $ $ Actual Results 106,000 683,700 475,000 208,700 141,900 66,800 Performance Report Year Ended December 31, 2017 Flexible-Budget Flexible Budget Variances Print Done Sales-Volume Variances S S Static Budget a X 92,000 299,000 147,200 151,800 85,000 66,800 XE7-24 (similar to) Question Help The Sodus Company produces engine parts for car manufacturers. A new accountant intern at Sodus has accidentally deleted the calculations on the company's variance analysis calculations for the year ended December 31, 2017. The following table is what remains of the data. (Click the icon to view the data.) Read the requirements. i Requirements 1. Calculate all the required variances. (If your work is accurate, you will find that the total static-budget variance is $0.) 2. What are the actual and budgeted selling prices? What are the actual and budgeted variable costs per unit? 3. Review the variances you have calculated and discuss possible causes and potential problems. What is the important lesson learned here? 8 parts Print remaining 30.000 Operating income Choose from any list or enter any number in the input fields and then click Che Done i Data Table Units sold Revenues (sales) Variable costs Contribution margin Fixed costs Operating income $ $ Actual Results 106,000 683,700 475,000 208,700 141,900 66,800 Performance Report Year Ended December 31, 2017 Flexible-Budget Flexible Budget Variances Print Done Sales-Volume Variances S S Static Budget a X 92,000 299,000 147,200 151,800 85,000 66,800