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Whistler Table Company manufactures tables for schools. The current year operating budget is based on sales of 20,000 units at $100 per table. Operating income is anticipated to be $120,000. Budgeted variable costs are $64 per unit while fixed costs total $600,000.
Actual income for the year was $354,000 on actual sales of 21,000 units. Actual variable costs were $60 per unit and fixed costs totaled $570,000.
Required:
Prepare a variance analysis report with both flexible-budget and sales-volume variances.
Automatic Routines
Repetitive actions or behaviors that are performed with little to no conscious thought, often becoming habitual.
Monozygotic Twins
are twins that originate from the splitting of a single fertilized egg, making them genetically identical.
Dizygotic Twins
Also known as fraternal twins, are siblings born at the same time but from separate eggs fertilized by different sperm.
Siblings
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