Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 3 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 13 Aug 2017 My Price 4.00

Kyler Industries

Top managers of Kyler Industries predicted 2012 sales of 14,800 units of its product at a unit price of $8.50. Actual sales for the year were 14,600 units at $10.50 each. Variable costs were budgeted at $2.20 per unit, and actual variable costs were $2.30 per unit. Actual fixed costs of $41,000 exceeded budgeted fixed costs by $4,500.
Requirement
1. Prepare Kyler’s income statement performance report. What variance contributed most to the year’s favorable results? What caused this variance?

Answers

(5)
Status NEW Posted 13 Aug 2017 10:08 PM My Price 4.00

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