Question: Complete the following table by filling in the unknown quantities and U/F designations for variances. Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance
Complete the following table by filling in the unknown quantities and U/F designations for variances.
|
|
Actual Results | Flexible Budget Variance |
Flexible Budget | Sales Volume Variance |
Master Budget |
| Units | 3,500 |
|
|
| 3,200 |
|
|
|
|
|
|
|
| Sales revenues | $252,000 |
|
|
|
|
| Variable costs |
| 2,000 U |
|
| 121,600 |
| Contribution margin |
|
|
|
|
|
| Fixed costs | 22,000 |
| 20,000 |
|
|
| Operating income |
|
| $ 92,000 |
|
|
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