Solution-Prepare a performance report that uses a flexible

Prepare a performance report that uses a flexible budget

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Reference no: EM132796361

Treanor Enterprises manufactures tires for the Formula 1 motor racing circuit. For August 2017 ?, it budgeted to manufacture and sell 3,300 tires at a variable cost of per $80 tire and total fixed costs of $54,000. The budgeted selling price was$109 per tire. Actual results in August 2017 were 3,100 tires manufactured and sold at a selling price of$110 per tire. The actual total variable costs were$269,700 ?, and the actual total fixed costs were $50,500.

Problem 1: Prepare a performance report that uses a flexible budget and a static budget.

Reference no: EM132796361

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Prepare a performance report that uses a flexible budget

Reference no: EM132796361

Reference no: EM132796361

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