The Vermont Company has requested a performance report that reports both sales activity variances and flexible budget variances.The following table of information is provided:
Required:
(1)Compute and enter the variances and label the variances as favorable (F)or unfavorable (U).
(2)Which variances are sales volume variance and which variances are flexible budget variances?
(3)Comment on this company's performance.

Question

The Vermont Company has requested a performance report that reports both sales activity variances and flexible budget variances.The following table of information is provided:
  Required:
(1)Compute and enter the variances and label the variances as favorable (F)or unfavorable (U).
(2)Which variances are sales volume variance and which variances are flexible budget variances?
(3)Comment on this company's performance.

Quizplus · Accepted Answer

The Answer of The Vermont Company has requested a performance report that reports both sales activity variances and flexible budget variances.The following table of information is provided:
  Required:
(1)Compute and enter the variances and label the variances as favorable (F)or unfavorable (U).
(2)Which variances are sales volume variance and which variances are flexible budget variances?
(3)Comment on this company's performance.

The Vermont Company Has Requested a Performance Report That Reports