Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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Category > Accounting Posted 22 Jul 2017 My Price 3.00

Company’s fixed budget

Daytec Company’s fixed budget performance report for June follows. The $440,000 budgeted expenses include $300,000 variable expenses and $140,000 fixed expenses. Actual expenses include $130,000 fixed expenses. Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately.

 

Fixed Budget

Actual Results

Variances

Sales (in units)                 

6,000

4,800

 

Sales (in dollars)               

$480,000

$422,400

$57,600 U

Total expenses                

440,000

394,000

46,000 F

Income from operations         

$ 40,000

$ 28,400

$11,600 U

 

Answers

(5)
Status NEW Posted 22 Jul 2017 10:07 PM My Price 3.00

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