- Press Draperies Makes And Sells Curtains Information Related To Its Performance In 2020 Is Given Below Click The Icon 1 (28.01 KiB) Viewed 49 times
Press Draperies makes and sells curtains. Information related to its performance in 2020 is given below: Click the icon to view the information.) (Click the icon to view the partially completed performance report.) Calculate Press Draperies' flexible-budget and sales-volume variances for (a) revenues, (b) variable costs, (C) fixed costs, and (d) operating income. Begin with the flexible-budget variance column, then the sales-volume variance column. Label each variance as favorable (F) or unfavorable (U). (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label.) Actual Flexible-Budget Flexible Results Variance Budget Units sold 1,340 1,340 Revenues (sales) $ 294,800 U$ 305,520 Variable costs 160,000 U 150,080 Contribution margin 134,800 U 155,440 Fixed costs 77,000 F 75,000 $ 57,800 Operating income 80,440 CA
Data table Units made and sold Selling price Variable costs Fixed costs Actual 1,340 $220 per curtain 160,000 $ 77,000 $ Budgeted 1,440 $228 per curtain $112 per curtain 75,000 $ EA
- X Reference Flexible-Budget Flexible Variances Budget 1,340 Sales-Volume Variances Static Budget 1,440 Actual Results Units sold 1,340 Revenues (sales) $ 294,800 Variable costs 160,000 Contribution margin 134,800 Fixed costs 77,000 S 57,800 Operating income $ 305,520 150,080 $ 328,320 161,280 155,440 75,000 167,040 75,000 $ 80,440 $ 92,040