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

2,100

2,000

Sales revenues

$102,000

Variable costs

$ 1,000 U

$ 60,000

Contribution margin

Fixed costs

29,000

30,000

Operating income

$ 12,000

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