Consider the following partially completed income statement performance report for Gaje, Inc. Requirement 1. Complete the flexible
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Requirement
1. Complete the flexible budget variance analysis by filling in the blanks in the partial income statement performance report for 6,000 travellocks.
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GAJE, INC. Income Statement Performance Report (partial) Month Ended April 30, 2012 Flexible Budget for Actual Results at Flexible Budget Actual Number of Actual Prices Variance 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
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Req 1 Gaje Inc Income Statement Performance Report partial Month Ended April 30 2...View the full answer
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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