The Beekman Company produces engine parts for car manufactur

The Beekman Company produces engine parts for car manufacturers. A new accountant intem at Beekman has accidentally deleted the calculations on the company\'s variance analysis calculations tfor the year ended December 31, 2017. The tollowing table is what remains of the data. (Cck the icon to view the data.) Read the requirements Requirement 1. Calculate all the required variances. (If your work is accurate, you will find that the total static-budget variance is $0.) Begin with the fiexible budget columns, then the sales volume vanance column. Label each variance as tavorable (F) or unfavorable (U) (For variances with a so balance, make sure to enter \"O\" in the appropriate field. If the variance is zero, do not select a label. Round your answers to the nearest whole dollar.) Flexible-Budget Variance Flexible Budget Actual Results 104,000 676,000 445,000 231,000 167,150 63,350 104000 Units sold Revenues (sales) Variable costs Contribution margin Fixed costs Operating income S

Solution

Table :

	Actual results	Flexible budget variances	Flexible budget	Sales volume variance	Static budget
Units sold	104000		104000		97000
Revenue (Sales)	676000	234000 F	442000	29750 F	412250
Variable cost	445000	216200 U	228800	15400 U	213400
Contribution margin	231000	17800 F	213200	14350 F	198850
Fixed cost	167150	32150 U	135000	0 None	135000
Operating income	63850	14350 U	78200	14350 F	63850