Top managers of White Industrios predicted 2024 sales of 15,000 units of its product at a...
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Top managers of White Industrios predicted 2024 sales of 15,000 units of its product at a unit price of $7.50. Actual sales for the year were 14,900 units at $8.50 each. Variable costs were budgeted at $2.20 per unt, and actual variable costs wore $2.30 per unit. Actual fixed costs of $44,000 exceeded budgeted fixed costs by $5.500 Prepare While's Sexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a fexible budgot performance report for the year First, complete the flexible budget performance report through the contribution margin ine, then complete the report through the operating income line Finally, compute the total variances (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F)Untavorable (U) input blank.) White Industries Flexible Budget Performance Report For the Year Ended December 31, 2024 3 4 2 (1)(3) Flexible (3)(5) Sales Volume Actual Budget Flexible Static Results Variance Budget Variance Budget Sales Revenue Vanabile Costs Contribution Margin Budget Amounts Per Unit Top managers of White Industrios predicted 2024 sales of 15,000 units of its product at a unit price of $7.50. Actual sales for the year were 14,900 units at $8.50 each. Variable costs were budgeted at $2.20 per unt, and actual variable costs wore $2.30 per unit. Actual fixed costs of $44,000 exceeded budgeted fixed costs by $5.500 Prepare While's Sexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a fexible budgot performance report for the year First, complete the flexible budget performance report through the contribution margin ine, then complete the report through the operating income line Finally, compute the total variances (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F)Untavorable (U) input blank.) White Industries Flexible Budget Performance Report For the Year Ended December 31, 2024 3 4 2 (1)(3) Flexible (3)(5) Sales Volume Actual Budget Flexible Static Results Variance Budget Variance Budget Sales Revenue Vanabile Costs Contribution Margin Budget Amounts Per Unit
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 9780133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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