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

4,000

800 F

Sales revenues

8,000 F

72,000 F

Variable costs

208,000

Contribution margin

128,000

Fixed costs

2,000 U

24,000

Operating income

2,000 U

No computations necessary for this problem.

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