Author Question: Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following ... (Read 51 times)

ahriuashd · **on:** Mar 6, 2021

Question 1

Variances are used for evaluating performance and for motivating managers.
◦ true
◦ false

Question 2

Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to replace the lost data:

Analysis	Actual Results	Flexible Variances	Flexible Budget	Sales- Volume Variances	Static Budget
Units Sold	112,500		112,500		103,125
Revenues	$42,080	$1,000 F	(A)	$1,400 U	(B)
Variable Costs	(C)	$200 U	$15,860	$2,340 F	$18,200
Fixed Costs	$8,280	$860 F	$9,140		$9,140
Operating Income	$17,740	(D)	$16,080	(E)	$15,140

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?

scrocafella · **Reply #1 on:** Mar 6, 2021

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