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Make a flexible budget performance report

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Question - Bay City Company's fixed budget performance report for July follows. The $440,000 budgeted total expenses include $300,000 variable expenses and $140,000 fixed expenses. Actual expenses include $130,000 fixed expenses.

Fixed Budget Actual Results Variances

Sales (in units) 6,000 4,900

Sales (in dollars) $480,000 $436,100 $43,900U

Total expenses 440,000 409,000 31,000F

Income from operations $40,000 $27,100 $12,900U

Make a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round your intermediate calculations. Round your final answers to whole dollars.)

Reference no: EM132927723

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