I\'m not sure if I have done this correctly: Tajiri Corporation uses customers s

Question

I'm not sure if I have done this correctly:

Tajiri Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of May: Required: Prepare the company's flexible budget performance report for May. Label each variance as favorable (F) or unfavorable (U). (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. 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 your response.)

Explanation / Answer

1) Flexi Actual Variance Customer served 35000 36000 36000 revenue 119000 122800 122800 Expenses wages 67250 68500 68500 supplies 22750 23400 20450 2950 F insurance 5400 5400 5400 Misc. Exp 16300 16640 14000 2640 F Total exp 111700 113940 108350 5590 F Net operating Income 7300 8860 14450

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