Question: Please answer the following. Homework: Chapter 23 HWB Save Score: 0 of 1 pt 2 of 5 (1 complete) HW Score: 20%, 1 of 5
Homework: Chapter 23 HWB Save Score: 0 of 1 pt 2 of 5 (1 complete) HW Score: 20%, 1 of 5 pts E23-17 (similar to) Question Help Top managers of Juda Industries predicted 2018 sales of 15,000 units of its product at a unit price of $8.50. Actual sales for the year were 14,200 units at $10.00 each. Variable costs were budgeted at $2.60 per unit, and actual variable costs were $2.70 per unit. Actual fixed costs of $44,000 exceeded budgeted fixed costs by $5,500 Prepare Juda's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a flexible budget performance report for the year. First, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income line. Finally, compute the total variances. (Enter a "O" for any zero balances. For any $o variances, leave the Favorable (FyUnfavorable (U) input blank.) Juda Industries Flexible Budget Performance Report For the Year Ended December 31, 2018 2 3 1 (3) - (5) Budget Amounts (1)-(3) Flexible Budget Variance Actual Results Static Sales Volume Variance Flexible Budget Per Unit Budget Units Sales Revenue Variable Costs Contribution Margin Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts Clear All Check Answer remaining
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