18:44 2 d t 68 < 22-22-ned Prepare a flexible budgeted income statement for 47,000 units u si ng the following information from a static budget for 45,000 units: Sales price per unit Direct material per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead Variable sales and administration expenses per unit Fixed sales and administration expenses 50 12 5 3 25,000 3 9,000 15%* Таxes *of income before taxes Broj riječi Prikaži imenik Mobilni Uredi prikaz %24

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Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.