Ying Manufacturing\'s most recent data is provided in the report below, however

Question

Ying Manufacturing's most recent data is provided in the report below, however some amounts are missing. The actual sales price per unit was $125 and the variable costs per unit produced were $95. Use the following information to replace the lost data. Missing amounts are indicated alphabetically. For each letter in a square below, provide the missing amount: 1. FlexibleFlexible VolueBudget Sales- Analysis Report Static VariancesBudget 8,000 Actual Units Sold 9,000 A) Revenues $22,000 Fav D) $18,000 Fav G) J) M) Variable Costs G 59,000 Un $14,000 Un Fixed Costs $2,000 Fav K) L) $30,000 Operating Income P) Q) Complete the Anaysis Report above by providing the missing amounts in the blanks below next to the corresponding letter from the table above. Include Fav/Unfav descriptions where appropriate. C) E) G) H) L) K) M) o) The Static Budget Variance of Operating Income equals$

Explanation / Answer

B=9000 units (same as actual units sold)

A=0 (9000-9000)

C=1000 F (9000-8000)

D=$1,125,000. (9000×$125)

E=$1,107,000 (1,125,000-18000)

F=$1,085,000. (1107,000-22000)

G=$855,000 (9000×$95)

H=$846,000 (855,000-9000)

I =$832,000 (846,000-14000)

K=30,000 (same as static budget)

L=0 (30000-30000)

J=$28,000 (30000-2000)

M=$242,000. (1125,000-855000-28000)

0=$231,000 ($1,107,000-846,000-30,000)

N=$11,000 F (242000-231000)

Q=$223,000 (1085000-832000-30000)

P=$8000 F (231000-223,000)

The static budget variance of operating income equals $19,000 F.

=Actual budget operating income-static budget operating income

=$19000 F (242000-223000)

Related Questions

Navigate

• Browse (All)
• Browse Y
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.