Question

Fill in the blank cells

Do not enter dollar signs or commas in the input boxes.
Round all answers to the nearest whole number.
Enter all variances as positive values.

Actual Flexible Budget Variance Flexible Budget Sales-Volume Variance Static Budget
Revenue $238,000 $Answer Answer $Answer $8,500 U $Answer
Variable Costs $Answer $Answer Answer $28,290 $Answer Answer $27,900
Contribution Margin $135,000 $38,110 U $Answer $8,890 U $182,000
Fixed Costs $Answer $0 $73,100 $0 $Answer
Operating Income $61,900 $38,110 U $Answer $8,890 U $108,900
Units Produced and Sold 9,100 0 Answer Answer Answer 11,000

Answer 1

Answer:Actual Flexible Budget Variance Flexible Budget Sales-Volume Variance Static Budget

Revenue $238,000 $230,500 $7,500 U $229,000

Variable Costs $172,890 $170,000 $2,890 U $170,000

Contribution Margin $65,110 $60,500 $4,610 U $59,000

Fixed Costs $3,100 $0 $73,100 $0 $3,100

Operating Income $62,010 $60,500 $1,510 U $55,900

Units Produced and Sold 9,100 9,100 0 11,000

Explanation: