Bay City Company's fixed budget performance report for July follows. The $513,000 budgeted total expenses include...

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Bay City Companys fixed budget performance report for July follows. The $513,000 budgeted total expenses include $350,000 ar

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Answer 1

Answer #1

Flexible budget performance

	Flexible budget	Actual	Flexible budget variance
Sales	472000	519200	47200 F
Variable cost	295000	327000	32000 U
Contribution margin	177000	192200	15200 F
Fixed cost	163000	153000	10000 F
Income from operation	14000	39200	25200 F

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Answer 2

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