Question: Problem 2 (10 points) Smart Toys Manufacturing projected 2015 sales of 10.000 units at $12.00 per unit. were 14,000 units at $12.50 per unit. Actual

Problem 2 (10 points) Smart Toys Manufacturing projected 2015 sales of

Problem 2 (10 points) Smart Toys Manufacturing projected 2015 sales of 10.000 units at $12.00 per unit. were 14,000 units at $12.50 per unit. Actual variable expenses, budgeted at $5.00 54.80 per unit. Actual fixed expenses, budgeted at $60,000, totaled $62,500. is of 10,000 units at $12.00 per unit. Actual sales for the year ble expenses, budgeted at $5.00 per unit, amounted to Prepare Smart Toy's income statement performance report for 2015, including both formance report for 2015, including both flexible budget variances and sales volume variances. Smart Toys Manufacturing Income Statement Performance Report Year Ended December 31, 2015 Actual Results Results at Actual Prices Flexible Sales Budget Budget for Volume Variances Actual Volume Variances Achieved Static (Master) Budget

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