fop 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 vere $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? Prepare a flexible budget performance report for the year. First, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income line. Finally, compute the total rariances. (Enter a "O" for any zero balances. For any $0 variances, leave the Favorable (FYUnfavorable (U) input blank.) Marshall Industries Flexible Budget Performance Report For the Year Ended December 31, 2018 2 4 (1) - (3) (3) - (5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget

fop 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 vere $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? Prepare a flexible budget performance report for the year. First, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income line. Finally, compute the total rariances. (Enter a "O" for any zero balances. For any $0 variances, leave the Favorable (FYUnfavorable (U) input blank.) Marshall Industries Flexible Budget Performance Report For the Year Ended December 31, 2018 2 4 (1) - (3) (3) - (5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance 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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