Business, 11.03.2022 06:20 bcarri4073
Graham Corporation used the following data to evaluate its current operating system. The company sells items for $10 each and used a budgeted selling price of $10 per unit.
Actual Budgeted
Units sold 495,000 500,000
Variable costs 1,250,000 1,500,000
Fixed costs 925,000 900,000
a. Prepare the actual income statement, flexible budget, and static budget.
b. What is the static-budget variance of revenues?
c. What is the flexible budget variance for variable costs?
d. What is the flexible budget variance for fixed costs?
Answers: 3
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Graham Corporation used the following data to evaluate its current operating system. The company sel...
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