The following flexible budget performance report is available for Robinson, Inc. for the year ended...
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Accounting
The following flexible budget performance report is available for Robinson, Inc. for the year ended December 31, 2018.
| Actual | Flexible Budget Variance | Flexible Budget | Volume Variance | Master Budget | |
| # of Units Sold | 9,600 | 10,000 | |||
| Sales | $1000 F | $480,000 | |||
| Variable Costs | $350,400 | $360,000 | |||
| Contribution Margin | $120,000 | ||||
| Fixed Costs | $51,200 | $50,000 | |||
| Operating Income | $70,000 |
Fill in the above blanks. Make sure you label any variances favorable or unfavorable. My hint would be to start by filling in the Flexible Budget column.
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