FlexibleAnalysis ReportActualFlexibleSales-VolumeStaticBudgetResultsBudgetVariancesBudgetVariance18,500A)B)C)20,000Units SoldD)$185,000 FavE)F)G)RevenuesH$92,500 UnI)$90,000 FavJ)Variable CostsK)$50,000 FavL)M)$500,000Fixed CostsN)O)P)Q)R)Operating IncomeA)B)C)D)E)F)G)H)I)J)K)L)M)N)O)P)Q)Q)

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Business

Accounting

Flexible Budget Variance Analysis Report Actual Flexible Sales-Volume Static Results Budget Variances Budget

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

100%

Flexible
Analysis Report
Actual
Flexible
Sales-Volume
Static
Budget
Results
Budget
Variances
Budget
Variance
18,500
A)
B)
C)
20,000
Units Sold
D)
$185,000 Fav
E)
F)
G)
Revenues
H
$92,500 Un
I)
$90,000 Fav
J)
Variable Costs
K)
$50,000 Fav
L)
M)
$500,000
Fixed Costs
N)
O)
P)
Q)
R)
Operating Income
A)
B)
C)
D)
E)
F)
G)
H)
I)
J)
K)
L)
M)
N)
O)
P)
Q)
Q)

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