Homework Answers
Calculation of Fixed & variable portion of expense in total expense:
Selling price per unit under fixed budget = Sales (in dollars)/Sales (in units)
= 445000/8900
= 50/unit
Sales in dollars under flexible budget
= 11300units@50
= 565000
variable expense per unit under fixed budget = 293700/8900
= 33
variable expense under flexible budget = 33*11300(units)
= 372900
| Solitaire Company | ||||
| Flexible Budget Performance Report | ||||
| For Month Ended June 30 | ||||
| Flexible Budget | Actual results | Variances | Fav./unf. | |
| Sales (in Dollars) | 565000 | 565000 | 0 | |
| variable expense | 372900 | 349150 | 23750 | F |
| Contribution Margin | 192100 | 215850 | 23750 | F |
| Fixed Expense | 40050 | 46350 | 6300 | U |
| Income from operation | 152050 | 169500 | 17450 | F |
Actual variable expense = Total Actual Expense - Fixed Expense
= 395500 - 46350
= 349150
Please check with your answer and let me know.
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