FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Koye’s most recent data is provided in the report below, however some amounts are missing. The actual sales price per unit was $110 compared to the budget price of $100 per unit. Actual variable costs per unit produced were $65. Use the following information to replace the lost data. Missing amounts are indicated alphabetically. For each letter in a square below, provide the missing amount: 

 

(1) The Static Budget Variance equals $ ________________________

 

Flexible
Budget
Analysis Report
Actual
Flexible
Sales-Volume
Static
Results
Variance
Budget
Variances
Budget
18,500
A)
B)
C)
20,000
Units Sold
D)
$185,000 Fav
E)
F)
G)
Revenues
H
$92,500 Un
I)
$90,000 Fav
J)
Variable Costs
K)
$50,000 Fav
L)
M)
$500,000
Fixed Costs
N)
O)
P)
Q)
R)
Operating Income
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Transcribed Image Text:Flexible Budget Analysis Report Actual Flexible Sales-Volume Static Results Variance Budget Variances Budget 18,500 A) B) C) 20,000 Units Sold D) $185,000 Fav E) F) G) Revenues H $92,500 Un I) $90,000 Fav J) Variable Costs K) $50,000 Fav L) M) $500,000 Fixed Costs N) O) P) Q) R) Operating Income
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