Dallas Company manufactures desks for schools. The current year operating budget is based on sales...
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Accounting
Dallas Company manufactures desks for schools. The current year operating budget is based on sales of 20,000 units at $100 per table. Operating income is anticipated to be $160,000. Budgeted variable costs are $62 per unit while fixed costs total $600,000. Actual income for the year was $354,000 on actual sales of 21,000 units. Actual variable costs were $60 per unit and fixed costs totaled $570,000. REQUIRED: Prepare a variance analysis report with both flexible budget and sales-volume variances.
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