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 va

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BAY CITY COMPANY
Flexible Budget Performance Report
For Month ended July 31
	Flexible Budget	Actual Results	Variances	Fav/Unf
Sales	472,000.00	519,200.00	47,200.00	Favorable
Variable Expenses	295,000.00	329,000.00	34,000.00	Unfavorable
Contribution Margin	177,000.00	190,200.00	13,200.00	Favorable
Fixed Expenses	163,000.00	153,000.00	10,000.00	Favorable
Income from Operations	14,000.00	37,200.00	23,200.00	Favorable

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