1.Prepare a Level 2 Variance Analysis and answer the following questions.Actual ResultsStatic Budget1,020 units1,000 unitsUnitsRevenuesTotal Var CostTotal Contr MarginFixed Costa.b.asupC.d.e.f.100woll $110,160$ 74,460$100,000$ 70,000Iban MatoXmaldor$ 19,600Operating Income$ 16,100$ 10,000 shotDescribe precisely the meaning of the following variances from this Performance Report:Flexible Budget Variance for Revenuespalodi satosup a'loodplBVsmi vispicyng pors$ 20,000Flexible Budget Variance for Tot Variable CostFlexible Budget Variance for Fixed CostSales Volume Variance for RevenuesSales Volume Variance for Tot Variable CostSales Volume Variance for Fixed CostB

Name: 1.Prepare a Level 2 Variance Analysis and answer the following questi
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Description: 1.Prepare a Level 2 Variance Analysis and answer the following questions.Actual ResultsStatic Budget1,020 units1,000 unitsUnitsRevenuesTotal Var CostTotal Contr MarginFixed Costa.b.asupC.d.e.f.100woll $110,160$ 74,460$100,000$ 70,000Iban MatoXmaldor

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Answered: a. b. C. Flexible Budget Variance for…

Business

Accounting

a. b. C. Flexible Budget Variance for Revenues Flexible Budget Variance for Tot Variable Cost Flexible Budget Variance for Fixed Cost

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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