Business Solutionsâ second quarter 2012 fixed budget performancereport for its computer furniture operations follows. The $170,340budgeted expenses include $112,880 in variable expenses for desksand $23,460 in variable expenses for chairs, as well as $34,000fixed expenses. The actual expenses include $35,500 fixedexpenses.
Fixed Budget Actual Results Variances Desk sales (inunits) 136 142 Chair sales (inunits) 69 77 Desk sales (indollars) $ 183,600 $ 190,280 $ 6,680 F Chair sales (indollars) $ 40,710 $ 46,585 $ 5,875 F Total expenses $ 170,340 $ 179,970 $ 9,630 U Income fromoperations $ 53,970 $ 56,895 $ 2,925 F
Prepare a flexible budget performance report that shows anyvariances between budgeted results and actual results. List fixedand variable expenses separately. (Input all amounts aspositive 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 yourresponse.)
BUSINESSSOLUTIONS FlexibleBudget Performance Report For QuarterEnded June
Business Solutionsâ second quarter 2012 fixed budget performancereport for its computer furniture operations follows. The $170,340budgeted expenses include $112,880 in variable expenses for desksand $23,460 in variable expenses for chairs, as well as $34,000fixed expenses. The actual expenses include $35,500 fixedexpenses. |
| Fixed Budget | Actual Results | Variances | ||||
| Desk sales (inunits) | 136 | 142 | ||||
| Chair sales (inunits) | 69 | 77 | ||||
| Desk sales (indollars) | $ | 183,600 | $ | 190,280 | $ | 6,680 F |
| Chair sales (indollars) | $ | 40,710 | $ | 46,585 | $ | 5,875 F |
| Total expenses | $ | 170,340 | $ | 179,970 | $ | 9,630 U |
| Income fromoperations | $ | 53,970 | $ | 56,895 | $ | 2,925 F |
Prepare a flexible budget performance report that shows anyvariances between budgeted results and actual results. List fixedand variable expenses separately. (Input all amounts aspositive 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 yourresponse.) |
| BUSINESSSOLUTIONS |
| FlexibleBudget Performance Report |
| For QuarterEnded June |
Related questions
Business Solutionsâ second quarter 2012 fixed budget performancereport for its computer furniture operations follows. The $156,660budgeted expenses include $106,500 in variable expenses for desksand $17,160 in variable expenses for chairs, as well as $33,000fixed expenses. The actual expenses include $34,400 fixedexpenses. |
| Fixed Budget | Actual Results | Variances | |||||
| Desk sales (inunits) | 142 | 148 | |||||
| Chair sales (inunits) | 66 | 74 | |||||
| Desk sales (indollars) | $ | 177,500 | $ | 183,520 | $ | 6,020 F | |
| Chair sales (indollars) | $ | 35,640 | $ | 41,070 | $ | 5,430 F | |
| Total expenses | $ | 156,660 | $ | 165,010 | $ | 8,350 U | |
| Income fromoperations | $ | 56,480 | $ | 59,580 | $ | 3,100 F | |
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