The Sodus Company produces ngine parts for cer manufacturers. Anow accounitant intern at Sodus has accidentally...

 

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The Sodus Company produces ngine parts for cer manufacturers. Anow accounitant intern at Sodus has accidentally deleted the calculstions on e company's variance analysis caloutations for the yvar ended Ducember 31, 2017. The following table is what remains of the data. (Cich the icon to view the data) Read the requirements. Requirement 1. Calouiate al the required variances. (If your work is accurate, you wil ind hat the lotal stalic-budget variance is $0.) Begin with the flexble budget oolumna, then the sales volume variance column. Label each variance as favorable (F) or untavorable (U). For variances with a 30 balance, make sure to enter in the appropriate feld. Iha variance is zero, do not select a label. Round your arowers to the nearest whole dolar.) Data Table Actual Flexible-Budget Flexible Results Variance Budget 110,000 Units sold Perfomance Report Reverus (ales)S 687,500 Year Ended December 31, 2017 Variable costa 475,000 Flaxible Budget Actual Flaxible Sales Volume Static Contribution margin 212,500 Results Variances Budget Variances Budget 179,000 Fued conts Units sold 110.000 96,000 33,500 Operaing income Revenues (sales) G87,500 323,000 Veriable cost 475,000 199,500 Roquirements 123.500 90,000 Contribution margin 212.500 179.000 Fixed costs 33,500 1. Calculate al the required variances ( your work is accurate. you will find that the total stalic-budget variance is s0.) 2. What are the actual and budgeted soling prices? What ure the actual and budgeted variable costs per unt? 3. Review the variances you have calculated and discuss possibie causes and potentlal problems. What is the important lesson loamed here? 33,500 Operting income Print Done The Sodus Company produces ngine parts for cer manufacturers. Anow accounitant intern at Sodus has accidentally deleted the calculstions on e company's variance analysis caloutations for the yvar ended Ducember 31, 2017. The following table is what remains of the data. (Cich the icon to view the data) Read the requirements. Requirement 1. Calouiate al the required variances. (If your work is accurate, you wil ind hat the lotal stalic-budget variance is $0.) Begin with the flexble budget oolumna, then the sales volume variance column. Label each variance as favorable (F) or untavorable (U). For variances with a 30 balance, make sure to enter in the appropriate feld. Iha variance is zero, do not select a label. Round your arowers to the nearest whole dolar.) Data Table Actual Flexible-Budget Flexible Results Variance Budget 110,000 Units sold Perfomance Report Reverus (ales)S 687,500 Year Ended December 31, 2017 Variable costa 475,000 Flaxible Budget Actual Flaxible Sales Volume Static Contribution margin 212,500 Results Variances Budget Variances Budget 179,000 Fued conts Units sold 110.000 96,000 33,500 Operaing income Revenues (sales) G87,500 323,000 Veriable cost 475,000 199,500 Roquirements 123.500 90,000 Contribution margin 212.500 179.000 Fixed costs 33,500 1. Calculate al the required variances ( your work is accurate. you will find that the total stalic-budget variance is s0.) 2. What are the actual and budgeted soling prices? What ure the actual and budgeted variable costs per unt? 3. Review the variances you have calculated and discuss possibie causes and potentlal problems. What is the important lesson loamed here? 33,500 Operting income Print Done