Question: Consider the following data for Robert Campbell Tax Services: Static budget data: sales, 3,500 clients at $350 each; variable costs, $300 per client; fixed

Consider the following data for Robert Campbell Tax Services:

● Static budget data: sales, 3,500 clients at $350 each; variable costs, $300 per client; fixed costs, $150,000

● Actual results at actual prices: sales, 3,000 clients at $360 per client; variable costs, $920,000; fixed costs, $159,500

1. Prepare a summary performance report similar to Exhibit 8-6, page 316 .

2. Fill in the blanks:

Static-budget income Variances Sales-activity variances Flexible-budget variances Actual income

Static-budget income Variances Sales-activity variances Flexible-budget variances Actual income

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