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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
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)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â |
6,000 |
4,800 |
 |
|
Sales (in dollars)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â |
$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 Â |
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