Complete the flexible budget variance analysis by filling in the blanks in the p
ID: 2403404 • Letter: C
Question
Complete the flexible budget variance analysis by filling in the blanks in the partial flexible budget performan (Click the icon to view the report.) (For variances with a 50 value, make sure to enter "O in the appropriate cells.) Gray, Inc. Flexible Budget Performance Report (partial) For the Month Ended April 30, 2018 Flexible Budget Flexible Budget Actual Results Variance 6,000 Sales Revenue S 102,000 ??S 90,000 49,800 40.200 14800 Units 6,000 52,100 Variable Costs Contribution Margin Fixed Costs 49,900 16.400 Operating Income33,50025,400 Choose from any list or enter any number in the input fields and then continue to the next question O Type here to séar escExplanation / Answer
Grey Inc
Flexible Budget Performance Report
For the month ended April 30th 2018
Actual result
Flexible Budget Variance
flexible Budget
Units
$ 6,000.00
$ -
$ 6,000.00
Sales Revenue
$ 102,000.00
$ 12,000.00
F
$ 90,000.00
Variable cost
$ 52,100.00
$ 2,300.00
U
$ 49,800.00
Contribution margin
$ 49,900.00
$ 9,700.00
F
$ 40,200.00
Fixed Cost
$ 16,400.00
$ 1,600.00
U
$ 14,800.00
Operating income
$ 33,500.00
$ 8,100.00
F
$ 25,400.00
Grey Inc
Flexible Budget Performance Report
For the month ended April 30th 2018
Actual result
Flexible Budget Variance
flexible Budget
Units
$ 6,000.00
$ -
$ 6,000.00
Sales Revenue
$ 102,000.00
$ 12,000.00
F
$ 90,000.00
Variable cost
$ 52,100.00
$ 2,300.00
U
$ 49,800.00
Contribution margin
$ 49,900.00
$ 9,700.00
F
$ 40,200.00
Fixed Cost
$ 16,400.00
$ 1,600.00
U
$ 14,800.00
Operating income
$ 33,500.00
$ 8,100.00
F
$ 25,400.00