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Nicholas Company Manufacturers TVs

Question 151

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Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to replace the lost data:
Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to replace the lost data:     Required: a.What are the respective flexible-budget revenues (A)? b.What are the static-budget revenues (B)? c.What are the actual variable costs (C)? d.What is the total flexible-budget variance (D)? e.What is the total sales-volume variance (E)? f.What is the total static-budget variance?
Required:
a.What are the respective flexible-budget revenues (A)?
b.What are the static-budget revenues (B)?
c.What are the actual variable costs (C)?
d.What is the total flexible-budget variance (D)?
e.What is the total sales-volume variance (E)?
f.What is the total static-budget variance?

Correct Answer:

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a.$42,080 - $1,000 = $41,080
b...

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