Complete the flexible budget variance analysis by filling in the blanks in the p

Question

Complete the flexible budget variance analysis by filling in the blanks in the partial flexible budget performance report for 6,000 travel locks for Gordon, Inc. EEB Click the icon to view the report.) Data Table (For variances with a $0 value, make sure to enter "0" in the appropriate cells.) Gordon, Inc. Flexible Budget Performance Report (partial) For the Month Ended April 30, 2018 Gordon, Inc. Flexible Budget Performance Report (partial) For the Month Ended April 30, 2018 Flexible Budget Flexible Budget Actual Results Variance Actual Flexible Budget Flexible Units Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income 6,000 102,000 51,700 50,300 16,300 34,000 6,000 $ 90,000 50,200 39,800 15,200 24,600 Results Variance Budget Units Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income 6,000 (a) 102,000(b) 51,700 (d) 50,300 () 16,300(h) 6,000 (c) S90,000 50,200 39,800 15,200 24,600 34,000 PrintDone

Explanation / Answer

Flexible budget performance report (partial)

Actual results Flexible budget variance Flexible budget Units 6000 0 6000 Sales revenue 102000 12000 F 90000 Variable cost 51700 1500 U 50200 Contribution margin 50300 10500 F 39800 Fixed cost 16300 1100 U 15200 Net operating income 34000 9400 F 24600

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