The Clarkson Company produces engine parts for car manufacturers. A new accountant intern at Clarkson...
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The Clarkson Company produces engine parts for car manufacturers. A new accountant intern at Clarkson has accidentally deleted the company's variance analysis calculations for the year ended December 2020. The following table is what remains of the data, (Click the icon to view the data.) Required: Complete the table below by filling in the missing amounts. Compute the amounts in the flexible budget column first, and then calculate all the required variances. (If your work the total static-budget variance is $0.) accurate, you will fit Label each variance as favorable (F) or unfavorable (U). (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label. Round your answers to the whole dollar.) Actual Flexible Sales-Volume Flexible-Budget Variance Static Results Budget Variance 106,000 Budget 92,000 S 683,700 Units sold Revenues (sales) Variable costs Contribution margin S 470,000 377,200 207,000 213,700 173,500 Fixed costs 170,200 130,000 $ Operating income 40,200 $ 40,200 Choose from any list or enter any number in the input fields and then continue to the next
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