Calculate the value of A.Enter Favourable variances as a positive number and Unfavourable variances as a negative number.12 Units34 Less: Total Variable Costs5 Direct MaterialsRevenues6 Direct Labour7 Variable Manuf. OH.8 Total Variable Costs9 Total Contribution Margin10 Total Fixed Costs11 Operating Income$BStatic120,000CActual$DFlex Budget80,000EFlex Budget Variance$70,000 F$20,000 U$20,000 U

Name: Calculate the value of A.Enter Favourable variances as a positive num
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Description: Calculate the value of A.Enter Favourable variances as a positive number and Unfavourable variances as a negative number.12 Units34 Less: Total Variable Costs5 Direct MaterialsRevenues6 Direct Labour7 Variable Manuf. OH.8 Total Variable Costs9 Total

Flexible budget is prepared for various levels within the relevant range. In Flexible budget…

Business

Accounting

Calculate the value of A. Enter Favourable variances as a positive number and Unfavourable variances as a negative number. 2 Units 3 Revenues 4 Less: Total Variable Costs 5 Direct Materials 6 Direct Labour 7 Variable Manuf. OH. 8 Total Variable Costs 9 Total Contribution Margin 10 Total Fixed Costs 11 Operating Income $ B Static 120,000 C Actual $ D Flex Budget 80,000 E Flex Budget Variance $70,000 F $20,000 U $20,000 U A

Calculate the value of A. Enter Favourable variances as a positive number and Unfavourable variances as a negative number. 2 Units 3 Revenues 4 Less: Total Variable Costs 5 Direct Materials 6 Direct Labour 7 Variable Manuf. OH. 8 Total Variable Costs 9 Total Contribution Margin 10 Total Fixed Costs 11 Operating Income $ B Static 120,000 C Actual $ D Flex Budget 80,000 E Flex Budget Variance $70,000 F $20,000 U $20,000 U A

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The level 2 variance analysis table is shown here: Actual Results Flexible Variances Flexible Budget Volume Variances Sales-Static Units sold Sales Variable costs Contribution margin Fixed costs Operating income When complete the table values for E and F are O $76,000 U and $220,000 U 46,000 $2,760,000 1,564,000 $1,196,000 627,000 44,000 $2,475,000 1,540,000 $900,000 660,000 $240,000 A B. D. G $309,000 F Y and O $276,000 U and $20,000 U O $76,000 F and $220,000 F $276,000 Fand $20,000 F O O O
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