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Category > Accounting Posted 13 May 2017 My Price 7.00

Business Solutions' second quarter 2012 fixed budget performance

Business Solutions' second quarter 2012 fixed budget performance report for its computer furniture operations follows. The $156,000 budgeted expenses include $108,000 in variable expenses for desks and $18,000 in variable expenses for chairs, as well as $30,000 fixed expenses. The actual expenses include $31,000 fixed expenses.

 

  Fixed Budget Actual Results Variances
Desk sales (in units)   144   150    
Chair sales (in units)   72   80    
Desk sales (in dollars) $ 180,000 $ 186,000 $ 6,000 F
Chair sales (in dollars) $ 36,000 $ 41,200 $ 5,200 F
Total expenses $ 156,000 $ 163,880 $ 7,880 U
Income from operations $ 60,000 $ 63,320 $ 3,320 F

 

Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)

 

BUSINESS SOLUTIONS
Flexible Budget Performance Report
For Quarter Ended June 30
  Flexible Budget Actual Results Variances  
(Click to select)Flexible budget salesBudgeted selling priceDesk salesFixed expensesIncome from operations $ $ $ (Click to select)FUNone
(Click to select)Income from operationsBudgeted selling priceFixed expensesChair salesFlexible budget sales       (Click to select)UNoneF
(Click to select)Flexible budget salesIncome from operationsVariable expensesFixed expensesBudgeted selling price       (Click to select)FUNone
 
 
(Click to select)Contribution marginGross margin       (Click to select)UNoneF
(Click to select)Income from operationsChair salesFixed expensesDesk salesVariable expenses       (Click to select)UFNone
 
 
(Click to select)Income from operationsDesk salesFixed expensesVariable expensesChair sales $ $ $ (Click to select)FUNone
 
 
 

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Alpha Geek
(8)
Status NEW Posted 13 May 2017 08:05 AM My Price 7.00

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file 1494665026-430439_1_636302159153932187_430439.xlsx preview (170 words )
Bu-----------sin-----------ess----------- So-----------lut-----------ion-----------s' -----------sec-----------ond----------- qu-----------art-----------er -----------201-----------2 f-----------ixe-----------d b-----------udg-----------et -----------per-----------for-----------man-----------ce -----------rep-----------ort----------- fo-----------r i-----------ts -----------com-----------put-----------er -----------fur-----------nit-----------ure----------- op-----------era-----------tio-----------ns -----------fol-----------low-----------s. -----------The----------- $1-----------56,-----------000----------- bu-----------dge-----------ted----------- ex-----------pen-----------ses----------- i-----------ncl-----------ude----------- $1-----------08,-----------000----------- in----------- va-----------ria-----------ble----------- ex-----------pen-----------ses----------- fo-----------r d-----------esk-----------s a-----------nd -----------$18-----------,00-----------0 i-----------n v-----------ari-----------abl-----------e e-----------xpe-----------nse-----------s f-----------or -----------cha-----------irs-----------, a-----------s w-----------ell----------- as----------- $3-----------0,0-----------00 -----------fix-----------ed -----------exp-----------ens-----------es.----------- Th-----------e a-----------ctu-----------al -----------exp-----------ens-----------es -----------inc-----------lud-----------e $-----------31,-----------000----------- fi-----------xed----------- ex-----------pen-----------ses-----------.Fi-----------xed----------- Bu-----------dge-----------tAc-----------tua-----------l R-----------esu-----------lts-----------Var-----------ian-----------ces-----------Des-----------k s-----------ale-----------s (-----------in -----------uni-----------ts)-----------Cha-----------ir -----------sal-----------es -----------(in----------- un-----------its-----------)De-----------sk -----------sal-----------es -----------(in----------- do-----------lla-----------rs)-----------$6,-----------000-----------
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