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all's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this varian Marsnan inaustries Flexible Budget Performance Report For the Year Ended December 31, 2018 2 3 (1) - (3) (3) - (5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget 14,600 14,600 14,800 24 9.50 $ 175,200 $ 36,500 F $ 138,700 $ 1,900 U $ 140,600 2.00 30,660 1,460 U 29,200 400 F 29,600 argin 144,540 35,040 F 109,500 1,500 U 111,000

all's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this varian Marsnan inaustries Flexible Budget Performance Report For the Year Ended December 31, 2018 2 3 (1) - (3) (3) - (5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget 14,600 14,600 14,800 24 9.50 $ 175,200 $ 36,500 F $ 138,700 $ 1,900 U $ 140,600 2.00 30,660 1,460 U 29,200 400 F 29,600 argin 144,540 35,040 F 109,500 1,500 U 111,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question 1, part 2. Please fill in the same format as the question

Top managers of Marshall Industries predicted 2018 sales of 14,800 units of its product at a unit price of $9.50. Actual sales for the year were 14,600 units at $12.00 each. Variable costs were budgeted at $2.00 per unit, and actual variable costs were $2.10 per unit. Actual fixed costs of $48,000 exceeded budgeted fixed costs by $4,000. Prepare Marshall's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Marsnail inaustries Flexible Budget Performance Report For the Year Ended December 31, 2018 1 2 3 4 (1) - (3) (3) - (5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Units 14,600 14,600 14,800 Sales Revenue $ 9.50 $ 175,200 $ 36,500 F $ 138,700 $ 1,900 U $ 140,600 Variable Costs 2.00 30,660 1,460 U 29,200 400 E 29.600 Contribution Margin 144,540 35,040 F 109,500 1,500 U 111,000 Fixed Costs Operating Income
Transcribed Image Text:Top managers of Marshall Industries predicted 2018 sales of 14,800 units of its product at a unit price of $9.50. Actual sales for the year were 14,600 units at $12.00 each. Variable costs were budgeted at $2.00 per unit, and actual variable costs were $2.10 per unit. Actual fixed costs of $48,000 exceeded budgeted fixed costs by $4,000. Prepare Marshall's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Marsnail inaustries Flexible Budget Performance Report For the Year Ended December 31, 2018 1 2 3 4 (1) - (3) (3) - (5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Units 14,600 14,600 14,800 Sales Revenue $ 9.50 $ 175,200 $ 36,500 F $ 138,700 $ 1,900 U $ 140,600 Variable Costs 2.00 30,660 1,460 U 29,200 400 E 29.600 Contribution Margin 144,540 35,040 F 109,500 1,500 U 111,000 Fixed Costs Operating Income
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