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Bach Table Company manufactures tables for schools. The 2011 operating budget is based on sales of 40,000 units at $50 per table. Operating income is anticipated to be $120,000. Budgeted variable costs are $32 per unit, while fixed costs total $600,000.
Actual income for 2011 was a surprising $354,000 on actual sales of 42,000 units at $52 each. Actual variable costs were $30 per unit and fixed costs totaled $570,000.
Required:
Prepare a variance analysis report with both flexible-budget and sales-volume variances.
Outer Boundary
The external limit or edge of a structure or area.
ATP Synthesis
The biochemical process of producing adenosine triphosphate (ATP), which is the primary energy carrier in cells, occurring in both the mitochondria during cellular respiration and chloroplasts during photosynthesis.
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Refers to cells or structures within organisms that hold the genetic material deoxyribonucleic acid.
Equator
The imaginary line that divides the Earth into northern and southern hemispheres.
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