complete the flexible budget variance analysis by filling in the blanks in the parti 646088
Flexible budget variance Consider the following partially completed income statement performance report for Gaje, Inc.
GAJE, INC. Income Statement Performance Report (partial) Month Ended April 30, 2012 |
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|
Actual Results at Actual Prices |
Flexible Budget Variance |
Flexible Budget for Actual Number of Units Sold |
Output units |
6,000 |
|
6,000 |
Sales revenue |
$90,000 |
|
$78,000 |
Variable expenses |
52,200 |
|
49,500 |
Contribution margin |
$37,800 |
|
$28,500 |
Fixed expenses |
16,200 |
|
15,300 |
Operating income |
$21,600 |
|
$13,200 |
Requirement
1. Complete the flexible budget variance analysis by filling in the blanks in the partial income statement performance report for 6,000 travel locks.