BAY CITY COMPANY
Flexible budget performance report
For month ended July 31
Flexible budget | Actual results | Variances | Fav./Unf. | |
Sales | 472,000 | 525,100 | 53,100 | Favorable |
Variable expenses | 295,000 | 325,000 | 30,000 | Unfavorable |
Contribution margin | 177,000 | 200,100 | 23,100 | Favorable |
Fixed expenses | 163,000 | 153,000 | 10,000 | Favorable |
Income from operations | $14,000 | $47,100 | $33,100 | Favorable |
kindly give a positive rating if you are satisfied with the solution. do comment if you have any query, Thanks.
almost done need the blank box completed Bay City Company's fixed budget performance report for Julyfollows....
Bay City Company's fixed budget performance report for July follows. The $513,000 budgeted total expenses include $350,000 variable expenses and $163.000 fixed expenses. Actual expenses include $153,000 fixed expenses. Actual Fixed Budget Variances Results 5,980 $ 519,200 482,000 Sales (in units) Sales (in dollars) Total expenses 7,e00 $560,000 513,000 $40,800 U 31,000F Income from operations $47.000 $ 37,200 $9,800U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses...
Bay City Company's fixed budget performance report for July follows. The $513,000 budgeted total expenses include $350,000 variable expenses and $163,000 fixed expenses. Actual expenses include $153,000 fixed expenses. Fixed Budget Variances Sales (in units) Sales (in dollars) Total expenses Income from operations 7,000 $560,000 513,000 $ 47,000 Actual Results 5,900 $ 525, 100 476,000 $ 49,100 $34,900 U 37,000 F $ 2,100 u Prepare a flexible budget performance report that shows any variances between budgeted results and actual results....
Bay City Company’s fixed budget performance report for July follows. The $513,000 budgeted total expenses include $350,000 variable expenses and $163,000 fixed expenses. Actual expenses include $153,000 fixed expenses. Fixed Budget Actual Results Variances Sales (in units) 7,000 5,900 Sales (in dollars) $ 560,000 $ 525,100 $ 34,900 U Total expenses 513,000 473,000 40,000 F Income from operations $ 47,000 $ 52,100 $ 5,100 U Prepare a flexible budget performance report that shows any variances between budgeted results and actual...
Bay City Company's fixed budget performance report for July follows. The $440,000 budgeted total expenses include $300,000 variable expenses and $140,000 fixed expenses. Actual expenses include $130,000 fixed expenses. Variances Fixed Budget Sales (in units) 6,000 Sales (in dollars) $480,000 Total expenses 440,000 Income from $ 40,000 operations Actual Results 4,900 $441,000 408,000 $ 33,000 $39,000 U 32,000 F $ 7,000U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and...
Bay City Company's fixed budget performance report for July follows. The $367,000 budgeted total expenses include $280,000 variable expenses and $87,000 fixed expenses. Actual expenses include $77,000 fixed expenses. Variances Sales (in units) Sales (in dollars Total expenses Fixed Budget 5,000 $400,000 367,000 $ 33,000 Actual Results 3,900 $347,100 330,000 $ 17,100 $52,900U 37,000F $15,900 U Income from operations Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses...
Bay City Company's fixed budget performance report for July follows. The $513,000 budgeted total expenses include $350,000 ariable expenses and $163,000 fixed expenses. Actual expenses include $153,000 fixed expenses. Actual Results Fixed Budget Variances Sales (in units ) 5,900 7,000 Sales (in dollars) Total expenses $560,000 513,000 519,200 480,000 $40,800 U 33,000 F 7,800 U Income from operations 47,000 39,200 Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and ariable...
Bay City Company's fixed budget performance report for July follows. The $594,000 budgeted total expenses include $450,000 variable expenses and $144,000 fixed expenses. Actual expenses include $134,000 fixed expenses. Actual Results Fixed Budget Variences Sales (in units) 8.100 7,000 Sales (in dollars) Total expenses $ 623,000 559,000 $ 64,000 $648,000 594,000 $ 54,000 $25,000 U 35,000 F Income from operations $10,000 U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed...
HOW DO I CALCULATE?
Bay City Company's fixed budget performance report for July follows. The $367,000 budgeted total expenses include $280,000 variable expenses and $87,000 fixed expenses. Actual expenses include $77,000 fixed expenses. Variances Sales (in units) Sales (in dollars) Total expenses Income from operations Fixed Budget 5,000 $400,000 367,000 $ 33,000 Actual Results 3,900 $347,100 329,000 $ 18,100 $52,900 U 38,000F $14,900 U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results....
2 Bay City Company's fixed budget performance report for July follows. The $587,000 budgeted total expenses include $400,000 variable expenses and $187,000 fixed expenses. Actual expenses include $177,000 fixed expenses. 3 Fixed Budget Variances points Sales (in units) Sales (in dollars) Total expenses Income from operations 8,000 $ 640,000 587,000 $ 53,000 Actual Results 6,900 $607,200 548,000 $ 59,200 $32,800 U 39,000 F $ 6,200 U eBook dot Hint Prepare a flexible budget performance report that shows any variances between...
Bay City Company's fixed budget performance report for July follows. The $587,000 budgeted total expenses include $400,000 variable expenses and $187,000 fixed expenses. Actual expenses include $177,000 fixed expenses. Variances Sales (in units) Sales (in dollars) Total expenses Income from operations Fixed Budget 8,000 $640,000 587,000 $ 53,000 Actual Results 6,900 $607,200 550,000 $ 57,200 $32,800 U 37,000 F $ 4,200 U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed...