Bay City Company's fixed budget performance report for July follows. The $594,000 budgeted total expenses include...

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Bay City Companys fixed budget performance report for July follows. The $594,000 budgeted total expenses include $450,000 va

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Answer 1

Answer #1

Bay City Company

Flexible budget performance report

For month ended July 31

	Flexible budget	Actual results	Variances	Fav/Unfav
Sales revenue	560000	623000	63000	Fav
Variable cost	388889	425000	36111	Unfav
Contribution margin	171111	198000	26889	Fav
Fixed cost	144000	134000	10000	Fav
Income (loss)	27111	64000	36889	Fav

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Answer 2

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