Homework Solutions  
» Home
  

See All Homework
Questions here

Question Description

 
Posted by: Homeworkhelp
Price Quoted by Student: $7
Posted On: 2016-08-02 12:12:19
 
Question
Nicholals Company manufactures TVs.   Some of the company's data was misplaced.  
Use the following information to replace the lost data.
F-Favorable & U-Unfavorable
Analysis

Actual
Results
Flexible
Variances
Flexible
Budget
Sales
Volume
Variances
Static
Budget
Units Sold
112,500

112,500

103,125
Revenues
$42,080
$1,000(F)
(A)?
$1,400(U)
(B)?
Variable Costs
(C ?
$200(U)
$15,860
$2,340(F)
$18,200
Fixed Costs
$8,280
$860(F)
$9,140

$9,140
Operating Income
$17,740
(D)?
$16,080
(E)?
$15,140
NEED A through F






A.) What are the respective flexible-budget revenues for A?
B.) What are the static-budget revenues for B? 
C.) What are the actual variable costs for C? 
D.) What is the total flexible-budget variance for D? 
E.) What is the total sales-volume variance for E? 
F.) What is the total static-budget variance? 


 
 
 
 
 
 
 
 
 
TUTORIAL PREVIEW

A.)  What are the respective flexible-budget revenues for A?

Flexible budget variance = Actual results – Flexible Budget amounts
1,000 (F) = 42,080 – Flexible Budget amounts

Solutions
A.)  What are the respective flexible-bud
Price $7
Attachment 1: Nicholals Company.docx
Solution Posted By: Homeworkhelp    Posted on: 02-08-2016