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Top managers of Kyler Industries predicted 2024 sales of 14,900 units of its product at a unit price of $6

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Top managers of Kyler Industries predicted 2024 sales of 14,900 units of its product at a unit price of $6.50. Actual sales for the year were 14,300 units at $9.50 each. Variable costs were budgeted at $2.60 per unit, and actual variable CDS Were $2,2 Mt Actual fixed costs of $45,000 exceeded budgeted fixed costs by $5,000. Prepare Kylers flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? 

Prepare a flexible budget performance report for the year. First, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income line. Finally, compute the total variances. (lEnk a we" for any zero balances. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input blank.) 

Units 

Sates Revenue Variable Costs Contribution Margin Fixed Costs Operating Income 

Kyler Industries Flexible Budget Performance Report For the Year Ended December 31, 2024 
1 
Budget Amounts Actual Per Unit 
Results 
2 3 (1) - (3) Flexible Budget Flexible Variance Budget 
4 (3) - (5) Sales Volume Variance 
14300\ 

45000\ 

5000  

40000\ 

5 
Static Budget 

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