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Question - TeleTube Inc. manufacturers TVs. Unfortunately, some of the company's data was misplaced by an IT error. Use the following information to replace the lost data:
Analysis
Actual Results
Flexible Variances
Flexible Budget
Sales-Volume Variances
Static Budget
Units Sold
112,500
103,125
Revenues
$42,080
$1,000 F
(A)
$1,400 U
(B)
Variable Costs
(C)
$200 U
$15,860
$2,340 F
$18,200
Fixed Costs
$8,280
$860 F
$9,140
Operating Income
$17,740
(D)
$16,080
(E)
$15,140
Required -
1. What are the respective flexible-budget revenues (A)?
2. What are the static-budget revenues (B)?
3. What are the actual variable costs (C)
4. What is the total flexible-budget variance (D)?
5. What is the total sales-volume variance (E)?
6. What is the total static-budget variance?
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