Problem

Fast FaxSue Young sells fax machines for Fast Fax. There are two fax machines: model 700 a...

Fast Fax

Sue Young sells fax machines for Fast Fax. There are two fax machines: model 700 and model 800. At the beginning of the month, Sue’s sales budget is as follows:

 

Model 700

Model 800

Budgeted contribution margin per unit

$     200

$      300

Forecasted sales in units

100

100

Budgeted margins

$20,000

$30,000

At the end of the month, the number of units sold and the actual contribution margins are as follows:

 

Model 700

Model 800

Actual contribution margin

$     150

$     350

Number of units sold

150

80

Actual contribution

$22,500

$28,000

Contribution margins have changed during the month because the fax machines are imported and foreign exchange rates have changed.

Required:

Design a performance evaluation report that analyzes Sue Young’s performance for the month.

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Solutions For Problems in Chapter 12