The Flashlight Company Projected Yearly Sales of 12,000 Units at $15.00

question 50

Essay

The Flashlight Company projected yearly sales of 12,000 units at $15.00 per unit. Actual sales for the year were 15,000 units at $16.00 per unit. Variable expenses, budgeted at $10.00 per unit, actually amounted to $15.00 per unit. Fixed expenses, budgeted at $50,000, actually totaled $48,000.
Prepare the Flashlight Company's income statement performance report for the year ended December 31, including both flexible budget variances and sales volume variances.

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Definitions:

Avoidance

The action of keeping away from or not doing something, often as a way to deal with fear or anxiety.

Generalized Anxiety Disorder

Anxiety not focused on any single target.

Obsessive-Compulsive Disorder

A mental disorder characterized by persistent unwanted thoughts (obsessions) and repetitive behaviors (compulsions) that an individual feels the urge to perform.

Threats Of War

The potential or perceived risk of military conflict between entities, which can impact the psychological and social well-being of individuals, especially in affected regions.