Chanandler Bong Company manufactures transponsters. The company's controller misplaced some of the company's data. Use the following information to replace the lost data. F denotes a favorable variance and U denotes an unfavorable variance. Actuals Units Sold 11,250 11,250 Variable Costs Revenues $46,000 ? Fixed Costs Flexible Budget ? ? $15,975 $9,140 Flexible Budget Variance $1,000 F $200 U $860 F What is the actual operating income?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Chanandler Bong Company manufactures transponsters. The
company's controller misplaced some of the company's data. Use the
following information to replace the lost data. F denotes a favorable
variance and U denotes an unfavorable variance.
Actuals
Units Sold 11,250 11,250
Variable
Costs
Revenues $46,000 ?
Fixed
Costs
Flexible
Budget
?
?
$15,975
$9,140
Flexible
Budget
Variance
$1,000 F
$200 U
$860 F
What is the actual operating income?
Transcribed Image Text:Chanandler Bong Company manufactures transponsters. The company's controller misplaced some of the company's data. Use the following information to replace the lost data. F denotes a favorable variance and U denotes an unfavorable variance. Actuals Units Sold 11,250 11,250 Variable Costs Revenues $46,000 ? Fixed Costs Flexible Budget ? ? $15,975 $9,140 Flexible Budget Variance $1,000 F $200 U $860 F What is the actual operating income?
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