1) Quindo Table Company manufactures tables for schools. The 2017 operating budg

Question

1) Quindo Table Company manufactures tables for schools. The 2017 operating budget is based on sales of 44,000 units at $110 per table. Budgeted variable costs are $70 per unit, while fixed costs total $760,000. Actual sales were 46,000 units at $114 each. Actual variable costs were $66 per unit and fixed costs totaled $737,000. Required: Prepare a variance analysis report with both flexible-budget and sales-volume variances Quindo Table Company Variance Analysis ctual Resus Flexible Variances Flexible Budgetme Variances Sales-Static Flexible Variances Flexible Budget Volume Variances Sales-Static Units sold Sales Variable costs Contribution margin Fixed costs Operating ncome

Explanation / Answer

Quindo Table Company Variance Analysis Actual Results Flexible Variances Flexible Budget Volume Variances Sales-Static Units Sold 46,000 46,000 44,000 Sales $5,244,000 $184,000 F $5,060,000 $220,000 F $4,840,000 Variable Costs $3,036,000 $184,000 F $3,220,000 $140,000 U $3,080,000 Contribution margin $2,208,000 $368,000 F $1,840,000 $80,000 F $1,760,000 Fixed Costs $737,000 $23,000 F $760,000 0 $760,000 Operating Income $1,471,000 $391,000 F $1,080,000 $80,000 F $1,000,000

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.