eachin2onkthecantoviewthepartilycornpli ted performance report) Zenefit Corporat

Question

eachin2onkthecantoviewthepartilycornpli ted performance report) Zenefit Corporation sold laser pointers for $11 each in 2017 Its budgeted selling price was $12 per unit. Other information related to its performance is given below (Click the icon to view the information.) Click the icon to view the partially completed performance report) Calculate Zenetit's flexible-budget and sales-volume variances for (a) revenues, (b) variable costs, (c) foxed 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 sure to enter "O' in the appropriate field. If the variance is zero, do not select a label.) Actual Flexible-Budget Flexible Sales.Volume Results Static Budget Variance Budget Variance 28,000 28,000 27,500 Units sold Revenues (sales) $308,000 Variable costs Contribution margin Fixed costs Operating income 336,000 s 330,000 82.500 90,000 84,000 218.000| 55,000 |? 252,000! 58,000 ? 247,500 58,000 163,000 194000 189 500

Explanation / Answer

Actual r Flexible Flexible Sales Volume Static Results Budget Var. Budget Variance Budget Units Sold 28000 28000 27500 Revenue (Sales) 308000 -28000 336000 6000 330000 Variable cost 90000 -6000 84000 -1500 82500 Contribution margin 218000 -34000 252000 4500 247500 Fixed cost 55000 3000 58000 0 58000 Net income 163000 -31000 194000 4500 189500

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