The following flexible budget performance report is available for Robinson, Inc. for the year ended...
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Accounting
The following flexible budget performance report is available for Robinson, Inc. for the year ended December 31, 2018.
Actual
Flexible
Budget
Variance
Flexible Budget
Volume
Variance
Master Budget
# of Units Sold
9,600
10,000
Sales
$1000 F
$480,000
Variable Costs
$350,400
$360,000
Contribution Margin
$120,000
Fixed Costs
$51,200
$50,000
Operating Income
$70,000
Fill in the above blanks. Make sure you label any variances favorable or unfavorable. My hint would be to start by filling in the Flexible Budget column.
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