Data table

Requirements

$\backslash$table$[[\backslash$table$[[$Expected production and sales Expected selling price per unit$],[$$$1,350,000]],],[,],[,],[,],[$ Done,$]]$

Calculate the sales$-$volume variance and flexible$-$budget variance for operating income.

Compute price and efficiency variances for direct materials and direct manufacturing labor.Standard QuantityStandard PriceStandard Unit CostDirect materials$$14$ per pound$$224$Direct manufacturing labor$$30$ per hour$$114$During $2020,$ actual number of units produced and sold was $5,100,$ at an average selling price of $$760.$ Actual cost of direct materials used was $$1,149,400(70,000$ pounds at $$16\mathrm{.}42$ per pound $).$ Actual direct manufacturing labor costs were $$572,900(17,000$ actual direct manufacturing labor$-$hours at $$33\mathrm{.}70$ per hour$).$ Actual fixed costs were $$1,200,000.$ There were no beginning or ending inventories.Requirement $1.$ Calculate the sales$-$volume variance and flexible$-$budget variance for operating income.

Begin with the actual results, then complete the flexible budget columns and the static budget columns. Label each variance as favorable $($F$)$ or unfavorable $($U$).($For variances with a $$0$ balance, make sure to enter $"0"$ in the appropriate field. If the variance is zero, do not select a label.$)$

$\backslash$table$[[,$Actual Results,Flexible$-$Budget Variance,,Flexible Budget,Sales$-$Volume Variance,,Static Budget$],[$Output units,$,,,,,,$