the actual information pertains to the third quarter as part of the budgeting pr con 459168

The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decoy Department of

Wooden Figurines Incorporated had developed the following static budget for the third quarter. Duck Decoy is in the

process of preparing the flexible budget and understanding the results.

Actual Flexible Static

Results Budget Budget

Sales volume (in units) 13,000 ______12,000

Sales revenues $257,500 _______ $250,000

Variable costs 154,000 ________ 175,000

Contribution margin 103,500 ________ 75,000

Fixed costs 50,500 $ ________ 49,500

Operating profit $ 53,000 $_________ $ 25,500

9) The flexible budget will report ________ for variable costs.

A) $154,000 B) $175,000 C) $13,583 D) $189,583

9)

10) The flexible budget will report ________ for the fixed costs.

A) $49,500 Favorable B) $49,500

C) $1,000 Unfavorable D) $50,500