Reference no: EM132581364
The Sia Company manufacturers laptops. Some of the company's data was misplaced. Use the following information to replace the lost data:
Actual Flexible Flexible Sales Volume Static
Results Variances Budget Variance Budget
Units Sold 500 500 450
Revenues (A) $5,000 F $190,000 (B) $171,000
Variable Costs $147,500 $2,500 F (C) $15,000 U $135,000
Fixed Costs $25,000 (D) $20,000 $20,000
Operating Income $22,500 $2,500 F $20,000 (E) $16,000
Required:
Question a. What are the actual revenues (A)?
Question b. What is the sales-volume revenue variance (B)?
Question c. What are the flexible budget variable costs (C)?
Question d. What is the flexible-budget fixed cost variance (D)?
Question e. What is the sales-volume operating income variance (E)?