Question: QUESTION 1 USE THE FOLLOWING INFORMATION TO ANSWER PROBLEMS 181a.1.1.b and 1.5.1 You are given the following information: Actual Results 150,000 Static Budget 200.000 Units

1.5.1 You are given the following information: Actual Results 150,000 Static Budget

QUESTION 1 USE THE FOLLOWING INFORMATION TO ANSWER PROBLEMS 181a.1.1.b and 1.5.1 You are given the following information: Actual Results 150,000 Static Budget 200.000 Units sold Contribution margin Fixed costs Operating income 225,000 155,000 $ 70,000 260,000 150,000 $ 110,000 The standard contribution margin per unit is $1.3. Required: 1.a The Flexible Budget variance for operating income is $ QUESTION 3 Problem at the variance type in problem 1. above Favorable Unfavorable (U) QUESTION 4 1. b The Sales Volume Variance for operating income is $ QUESTION 5 Problem 1.b. 1. The variance type in problem 1.b above is: Favorable (F) Unfavorable (U)

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