Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 5,500 units. The following variances were observed: Actual Results Units Sales Variable Expenses Fixed Expenses Net Income (loss) $27,000 Favorable 11,700 Unfavorable 400 Unfavorable $3,900 $14,900 Unfavorable Determine the static budget and use the information to prepare a flexible budget and analysis for the 6,500 units actually sold. If no effect, select "No Effect" and leave the amount Variances Static budget Flexible budget Actual Results Units Sales Variable Expenses Fixed Expenses Net Income (Loss) Variances $175,500 77,700 93,900 $ $
Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 5,500 units. The following variances were observed: Actual Results Units Sales Variable Expenses Fixed Expenses Net Income (loss) $27,000 Favorable 11,700 Unfavorable 400 Unfavorable $3,900 $14,900 Unfavorable Determine the static budget and use the information to prepare a flexible budget and analysis for the 6,500 units actually sold. If no effect, select "No Effect" and leave the amount Variances Static budget Flexible budget Actual Results Units Sales Variable Expenses Fixed Expenses Net Income (Loss) Variances $175,500 77,700 93,900 $ $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the sales of 5,500 units. The following variances were observed:
Actual Results
Variances
Units
Sales
$175,500
$27,000 Favorable
Variable Expenses
77,700
11,700 Unfavorable
Fixed Expenses
93,900
400 Unfavorable
Net Income (loss)
$3,900 $14,900 Unfavorable
Determine the static budget and use the information to prepare a flexible budget and analysis for the 6,500 units actually sold. If no effect, select "No Effect" and leave the amount
Flexible budget Actual Results
Variances
Static budget
Units
Sales
Variable Expenses
Fixed Expenses
Net Income (Loss)
$
Transcribed Image Text:boxes blank. For those boxes in which you must enter negative numbers use a minus sign. (Example: -300).
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