actual variable costs were $$2\mathrm{.}50$ per unit. Actual fixed costs of $$47,000$ exceeded budgeted fixed costs by $$5,500.$

Prepare Root Industries' flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance?

Favorable $($F$)/$Unfavorable $($U$)$ input field blank.$)$

What variance contributed most to the year's favorable results? What caused this variance?

The variance contributing most to the year's excellent results is the favorable $(17)$

$(1)$

$(2)$

F

Flexible Budget Variance

Sales Volume Variance

Static Budget Variance

a higher$-$than$-$expected price

a lower$-$than$-$expected price

the normal price

$(4)$

F

$(5)$

$(6)$

F

$(13)$

$(13)$

F

$(14)$

$(15)$

F

$U$

$(7)$

F

$U$

$(8)$

F

OU

$U$

$(16)$

Flexible Budget Variance

Sales Volume Variance

Static Budget Variance

$(9)$

F

$U$

This variance resulted from selling the company's product at $(18)$

$(10)$

F

U

$U$

F

$(11)$

Flexible Budget Variance

Sales Volume Variance

Static Budget Variance

$U$

$(17)$

flexible budget variance for operating income

flexible budget variance for sales revenue

sales volume variance for operating income

sales volume variance for sales revenue