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...

60.1K

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

Geometry
1.2K views

age below to answer the questions to the right E

Accounting
1.2K views

Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed...

Biology
1.2K views

distractions except Smoking

Physics
1.2K views

of 10 m s in a direction 45 from the horizontal y direction on the...

Geometry
1.2K views

U W S X T R In the figure triangle UVW is similar to triangle...

Accounting
1.2K views

I need help with this question. Thank you! The following...

Accounting
1.2K views

Soudan Inc. reports under ASPE. It has profit from operations after tax of $300,000, including...

Accounting
1.2K views

explain the function of replaceable rules , and whether companies should be able to replace...

Accounting
1.2K views

Declaring and distributing stock dividends: A. is the distribution of cash to the stockholders. B....

Finance
1.2K views

data tables included. thank you! Risk-adjusted discount rates and risk asses)...

Finance
1.2K views

Kindly answer asap. I will thumbs up your work if you do ...

Accounting
1.2K views

Ivanhoe Company has accumulated the following budget data for the year 2022 : ...