Question

Fill in the blank cells Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Enter all variances as positive values. Actual Flexible Budget Variance Flexible Budget Sales-Volume Variance Static Budget Revenue $205,000 $Answer Answer $Answer $16,600 U $Answer Variable Costs $Answer $Answer Answer $36,150 $Answer Answer $32,200 Contribution Margin $131,000 $23,450 U $Answer $20,550 U $175,000 Fixed Costs $Answer $2,350 F $74,400 $16,600 F $Answer Operating Income $58,950 $21,100 U $Answer $3,950 U $84,000 Units Produced and Sold 10,000 389 F Answer Answer Answer 12,800

	$Answer	$16,600	U	$Answer
Variable Costs	$Answer	$Answer	Answer

$36,150

$Answer

Answer

	$32,200
Contribution Margin	$131,000	$23,450	U	$Answer	$20,550	U	$175,000
Fixed Costs	$Answer	$2,350	F	$74,400	$16,600	F	$Answer
Operating Income	$58,950	$21,100	U	$Answer	$3,950	U	$84,000
Units Produced and Sold	10,000	389	F	Answer	Answer	Answer

12,800

Answer 1

	Actual	Flexible budget variance	Flexible Budget	sales volume variance	Static budget
Revenue	205000	14400 F [205000-190600]	190600   [207200-16600]	16600 U	175000+32200=207200
variable cost	74000 [205000-131000]	37850 U [74000-36150]	36150	3950 U [36150-32200]	32200
contribution margin	131000	23450 U	154450   [175000-20550]	20550 U	175000
Fixed cost	72050    [74400-2350]	2350 F	74400	16600 F	91000    [74400+16600]
Operating income	58950	21100 U	80050   [154450-74400]	3950 U	84000
Unit produced and sold	10000	389 F	9611 [10000-389 ]	3189 U   [12800-9611]	12800