50.1K

Verified Solution

Link Copied!

???? https://www.mathd.co homeworkld 1620470838uquestionld 1&flushed truecld 1816157¢erwin yes Acct 2302-004 Rasmussen Spring 2018 wonhee cho 4/4/18 9:43 PM Homework: Chapter 23 Homework Save Score: 0 of 2 pts 1 of 8 (8 complete)> HW Score: 78.67%, 7.87 of 10 pts X) E23-17 (similar to) Question Help Actuel salestor the year were 14,0DD units at $5 each Varable cnsts were bingeted a $ B per unit, and asvariable rasts were S2 90 per unit Top managers of Smitn Industries predicted se 14500 units ot its proct at a unt pe o$ Actual fxed costs of $47 000 exceeded budgeted fixed costs by S2,000 Prepare Smith's texble budget pertormance report What variance contributed mast to the years tevorable resuts What caused this vanance Prepare a texible binger pertarmance report tor the year First, complete the hiexbe budget pertormance report throign the contribution margin line, then camplete the report thrnugh the operating income line Finally, cmpute the total variances (Fnter a any zero balances. For any SO varisnces, leave the Favorable (FUnfavonable (U) input blank) tor Smith Industrie8 Flexible Budget Performance Repor For the Year Ended December 31, 2016 Budget Amounts Per Unit Flexible Budget Variance Sales Volume Variance Actual Flexible Static Results Budget Budget Unils Sales Revenue Vanable Costs Contribution Margin Choose from any list or enter any nurriber in the input fields and thern click Check Answer Clear All Check

Answer & Explanation Solved by verified expert

See Answer