Flexible Factory produces watches in Vancouver. The original (static) budget and actual results for 2013...
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Flexible Factory produces watches in Vancouver. The original (static) budget and actual results for 2013 were as follows: No. of units Static budget 300 Actual 360 Revenue Direct materials @ $4.75 Direct labour, $1.50 per unit Rental, $101 Fixed administration costs $2,625 1,425 450 $3,255 1,767 466 90 875 101 900 Net income (251) 57 Required: Subdivide each variance into a sales-activity variance portion and a flexible- budget variance portion. Show fixed costs, variable costs and contribution appropriately. Use the following format: Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Static Budget
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