Check my work 2 Business Solutions\'s second-quarter 2018 fixed budget performan
ID: 2436404 • Letter: C
Question
Check my work 2 Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $164,360 budgeted expenses include $110,160 in variable expenses for desks and $19,200 in variable expenses for chairs, as well as $35,000 fixed expenses. The actual expenses include $36,300 fixed expenses. List fixed and variable expenses separately. 16.66 points Fixed Budget Actual Results Variances esk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income from operations 136 64 $176,800 32,000 164,360 44,440 142 72 $183,180 37,080 173,360 $ 46,900 $6,380 F 5,080 F 9,000 U $2,460 F eBook Print Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Fav.JUnf. Favorable Unfavorable Unfavorable Unfavorable Unfavorable Flexible Budget Actual Results Variance Contribution marginExplanation / Answer
Flexible Budget Performance Report for the Quarter ended june 30 Flexible Actual Variance Fav/Unfav Budget Results Desk Sales 184600 183,180 1,420 U Chair sales 36000 37,080 1,080 F Variable expense 136620 137060 440 U Contribution margin 83980 83,200 780 U Fixed expense 35,000 36300 1,300 U income from operations 48,980 46,900 2,080 U Desk sales 176800/136 1300 flexible 1300*142= 184600 Desk variable expense 110,160/136 810 Flexible budget 810*142= 115020 Chair sales 32000/64 500 flexible 500*72 36000 Desk variable expense 19200/64 300 Flexible budget 300*72 21600 total variable expense 115020+21600= 136620