Bay City Company's fixed budget performance report for July follows. The $587,000 budgeted total expenses include...

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Bay City Companys fixed budget performance report for July follows. The $587,000 budgeted total expenses include $400,000 va

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Answer 1

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	Flexible	Actual	Variances	Fav./Unf.
Sales (in dollars	$ 552,000.00	$ 607,200.00	$ 55,200.00	F
Less: Variable Expenses	$ 345,000.00	$ 373,000.00	$ 28,000.00	U
Contribution margin	$ 207,000.00	$ 234,200.00	$ 27,200.00	U
Less: Fixed Expenses	$ 187,000.00	$ 177,000.00	$ (10,000.00)	F
Income from Operations	$ 20,000.00	$ 57,200.00	$ 37,200.00	F

Working:

	A	B =A/8000 Units	C = B*6900 Units
	Fixed	Per unit	Flexible
Sales (in Units)	8000		6900
Sales (in dollars	$ 640,000.00	$ 80.00	$ 552,000.00
Less: Variable Expenses	$ 400,000.00	$ 50.00	$ 345,000.00
Contribution margin	$ 240,000.00	$ 30.00	$ 207,000.00
Less: Fixed Expenses	$ 187,000.00		$ 187,000.00
Income from Operations	$ 53,000.00		$ 20,000.00

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