Strauss Table Company manufactures tables for schools. The 20x4 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 20x4 was surprising $ 354,000 on actual sales of 21,000 units at $ 104 each. Actual variable costs were $ 60 per unit and fixed costs totaled $ 570,000. Required: Prepare a 5 column variance analysis report with actual results, flexible-budget, static budget, flexible budget variances and sales-volume variances.© BrainMass Inc. brainmass.com June 4, 2020, 1:21 am ad1c9bdddf
The expert prepares a variance analysis report with actual results.