Quindo Table Company Manufactures Tables for Schools

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.