Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. per unit, and actual variable costs were $230 per

per unit, and actual variable costs were $230 per unit. Actual fixed costs of $41,000...

90.2K

Verified Solution

Question

Accounting

per unit, and actual variable costs were $230 per unit. Actual fixed costs of $41,000 exceeded budgeted fixed costs by $5,000.
Prepare Smith's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? line Finally, compute the total variances. (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input blank.)
\table[[,,,Industrie,,,],[,,Flexible Buc,Performa,eport,,],[,,For the Year,ed Decem,, 2024,,],[,,1,2,3,4,5],[,,,(1)-(3),,(3)-(5),],[,Budget,,Flexible,,Sales,],[,Amounts,Actual,Budget,Flexible,Volume,Static],[,Per Unit,Results,Variance,Budget,Variance,Budget],[Units,,14400,,,,],[Sales Revenue,100,,,,,],[Variable Costs,22,,,,,],[Contribution Margin,,,,,,]]
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Economics
1.2K views

What do you understand of Command and Control policies for pollution abatement? Given the current problem...

Electrical Engineering
1.2K views

Differentiate between centralized and distributed generation system.

General Management
1.2K views

How HCQ and LANCET have influence of power, finance , politics, and how does it affect...

Accounting
1.2K views

Pitino acquired 90 percent of Brey's outstanding shares on January 1, 2016, in exchange for $405,000 in...

Biology
1.2K views

If you were to compare the lipid composition of bacteria that has acclimatedfrom 10C to...

Biology
1.2K views

The mycolic acid layer in acid fast bacteria is a waxy and somewhat hard to...

Algebra
1.2K views

Factor the following difference of two squares completely 6 m 100n C

Accounting
1.2K views

QUESTION ONE Samantha is the sole proprietor of a Law firm with 6...

Accounting
1.2K views

On June 1,2013, Everly Bottle Company sold $2,000,000 in long-term bonds for $1,754,200. The bonds...

Accounting
1.2K views

Sentinel Company is considering an investment in technology to improve its operations. The investment will...

Accounting
1.2K views

Exercise 7-7 Cash Budget [LO7-8] Garden Depot is a retailer that is prepared the following...

Accounting
1.2K views

= Homework: Chapter 4 Homework Question 4, S4-5 (similar ... Part 1 of 6 HW...