Compute flexible budget variances by comparing the flexible budget with the actual results. (Indicate the...
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Accounting
Compute flexible budget variances by comparing the flexible budget with the actual results. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)
Flexible Budget
-
Actual Results
=
Flexible Variances
Allocated funds
$27,408
Expenses:
Variable costs:
Meals
23,838
Postage
3,128
Fixed costs:
Facility
2,700
Printing
1,070
Decorations
960
Speakers gift
250
Publicity
720
Total expenses
32,666
Surplus(deficit)
$(5,258)
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