Question - Ryan Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to replace the lost data:
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Analysis
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Actual Results
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Flexible Variances
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Flexible Budget
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Sales-Volume Variances
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Static Budget
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Units Sold
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112,500
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|
112,500
|
|
103,125
|
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Revenues
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$42,080
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$1,500 F
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(A)
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$1,700 U
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(B)
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Variable Costs
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(C)
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$250 U
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$15,860
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$2,340 F
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$18,200
|
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Fixed Costs
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$8,280
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$860 F
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$9,140
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|
$9,140
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|
Operating Income
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$17,690
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(D)
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$16,580
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(E)
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$14,940
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Required:
a. What are the respective flexible-budget revenues (A)?
b. What are the static-budget revenues (B)?
c. What are the actual variable costs (C)?
d. What is the total flexible-budget variance (D)?
e. What is the total sales-volume variance (E)?
f. What is the total static-budget variance?