Question: please help with part 1-4 one with the numbers filled in is an example. Use first photos numbers! Top managers Preston industries predicted 2024 sales

please help with part 1-4
one with the numbers filled in is an example. Use first photos numbers!
please help with part 1-4 one with the numbers filled in is
an example. Use first photos numbers! Top managers Preston industries predicted 2024

Top managers Preston industries predicted 2024 sales of 15,000 units of its product at a unil pice of $8.50. Actual sales for the yoar wore 14,800 units at $11.00 evch. Wariable costs wece budgeted at $2.80 per unit, and actual varable costs were $2.90 per unit. Actual fored costs of $49,000 exceedod budgeted fixed costs by $4,500. Prepare Prestoris fexble budget perormance report What variance contribuled most to the year's favorable results? What caused this variance? Prepare a flexbla budget pertormance report for the year. First complete twe flexble Eudpot performance report through fhe contibution margin line, then complele the roport through the operating income line. Finally. compute the fodal variances. (Enter a "O" for any rero balances. For any 50 variances, loave the Favorabio (F)Untavorablo (U) input blark)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!