Flexible Factory produces watches in Vancouver. The original (static) budget and actual results for 2021...
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Accounting
Flexible Factory produces watches in Vancouver. The original (static) budget and actual results for 2021 were as follows: No. of units Actual 450 Static budget 400 Revenue Direct materials Direct labour Rental Net income $2,725 1,350 450 121 804 $3,255 1,650 466 80 1.059 Required: Subdivide each variance into a sales activity variance portion and a flexible-budget variance portion. Use the following format: Flexible Budget Variance Sales Activity Variance Flexible Budget Actual Results Static Budget
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