Question: 9. 8. [C 3 Problem 2 (10 points) Smart Toys Manufacturing projected 2015 sales of 10,000 units at $12.00 per unit. Actual sales for the

9. 8. [C 3 Problem 2 (10 points) Smart Toys Manufacturing projected 2015 sales of 10,000 units at $12.00 per unit. Actual sales for the year were 14,000 units at $12.50 per unit. Actual variable expenses, budgeted at $5.00 per unit, amounted to $4.80 per unit. Actual fixed expenses, budgeted at $60,000, totaled $62,500. Prepare Smart Toy's income statement performance report for 2015, including both flexible budget variances and sales volume variances. Smart Toys Manufacturing Income Statement Performance Report Year Ended December 31, 2015 Static (Master) Budget Actual Results Results at Sales Flexible Budget for Variances Actual Volume Variances Achieved Budget Volume Actual Prices

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