Quindo Table Company Manufactures Tables for Schools

question 1

Essay

Quindo Table Company manufactures tables for schools.The 2015 operating budget is based on sales of 44,000 units at $55 per table.Operating income is anticipated to be $132,000.Budgeted variable costs are $35 per unit,while fixed costs total $660,000.
Actual income for 2015 was a surprising $477,000 on actual sales of 46,000 units at $57 each.Actual variable costs were $33 per unit and fixed costs totaled $627,000.
Required:
Prepare a variance analysis report with both flexible-budget and sales-volume variances.

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Definitions:

Macy's Buyer

A professional responsible for selecting and purchasing merchandise for resale in Macy's department stores, focusing on meeting consumer demands and trends.

Personal Selling

Personal selling involves direct contact between a salesperson and a potential customer for the purpose of selling a product or service.

Public Relations Department

A division within a company or organization tasked with managing its public image and communications with stakeholders, media, and the public.

Image Management

The practice of overseeing and maintaining a person's or organization's reputation and public perception through various strategies and communications.