Question: 3 please answer question fully! The Amherst Company produces engine parts for car manufacturers. A new accountant intern at Amherst has accidentally deleted the calculations


The Amherst Company produces engine parts for car manufacturers. A new accountant intern at Amherst has accidentally deleted the calculations on the company's vanance analysis calculations for the year ended December 31,2017 . The following table is what remains of the data Requirement 1. Calculate all the required variances. (if your work is accurate, you will find that the total static-budget variance is $0. ) Begin with the flexible budget columns, then the sales volume variance column Label each variance as favorable (F) or unfavorable (U). (For vanances with a 50 balance, make sure to enter " 0 " in the appropriate flekd. If the variance is zero, do not select a label. Round your answers to the nearest whole dollar.) Data table 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
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