lop managers of Juda Industries predicted 2025 sales of 14,500 units of its product at a unit price of $10.00. Actual sales for the year were 14,300 units at of $49,000 exceeded budgeted fixed costs by $2,000. Prepare Juda Industries' flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? .00 each. Vanable costs were budgeted at $3.2 unit, and actual vanable costs were $3.30 per unit. Actual fixed costs Prepare a flexible budget performance report for the year. First, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income line. Finally, compute the total variances. (Enter a 0 for any zero balances. Label the variance as favorable (F) or unfavorable (U), in the input field after the amount you enter. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input field blank.) Juda Industries Flexible Budget Performance Report For the Year Ended December 31, 2025 Units Sales Revenue 1 2 3 (1)-(3) Budget Flexible Amounts Actual Per Unit Results Budget Variance Flexible Budget (3)-(5) Sales Volume Variance Static Budget

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Top managers of Juda Industries predicted 2025 sales of 14,500 units of its product at a unit price of $10.00. Actual sales for the year were 14,300 units at $13.00 each. Variable costs were budgeted at $3.20 per unit, and actual variable costs were $3.30 per unit. Actual fixed costs
of $49,000 exceeded budgeted fixed costs by $2,000.
Prepare Juda Industries' flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance?
Prepare a flexible budget performance report for the year. First, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income line. Finally, compute the total variances. (Enter a 0 for any zero balances.
Label the variance as favorable (F) or unfavorable (U), in the input field after the amount you enter. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input field blank.)
Juda Industries
Flexible Budget Performance Report
For the Year Ended December 31, 2025
Units
Sales Revenue
Variable Costs
Contribution Margin
1
2
3
4
5
(1) - (3)
(3)-(5)
Budget
Amounts
Flexible
Actual
Per Unit
Results
Budget
Variance
Flexible
Budget
Sales
Volume
Variance
Static
Budget
Transcribed Image Text:Top managers of Juda Industries predicted 2025 sales of 14,500 units of its product at a unit price of $10.00. Actual sales for the year were 14,300 units at $13.00 each. Variable costs were budgeted at $3.20 per unit, and actual variable costs were $3.30 per unit. Actual fixed costs of $49,000 exceeded budgeted fixed costs by $2,000. Prepare Juda Industries' flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a flexible budget performance report for the year. First, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income line. Finally, compute the total variances. (Enter a 0 for any zero balances. Label the variance as favorable (F) or unfavorable (U), in the input field after the amount you enter. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input field blank.) Juda Industries Flexible Budget Performance Report For the Year Ended December 31, 2025 Units Sales Revenue Variable Costs Contribution Margin 1 2 3 4 5 (1) - (3) (3)-(5) Budget Amounts Flexible Actual Per Unit Results Budget Variance Flexible Budget Sales Volume Variance Static Budget
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