# Download an Excel template for this problem online in MyAccountingLab or at http://www.pearsonhighered.com/Horngren. Pilchuck Company manufactures tote

## Question:

Download an Excel template for this problem online in MyAccountingLab or at http://www.pearsonhighered.com/Horngren.

Pilchuck Company manufactures tote bags and has provided the following information for September 2018:

Requirements

1. Prepare a flexible budget performance report, including the heading. Use the ABS function when calculating variances, and use the drop-down selections for F or U when describing the variances.

2. Calculate the Static Budget Variance for operating income, and label it as a F (favorable) or U (unfavorable) variance.

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**Related Book For**

## Horngrens Accounting The Managerial Chapters

**ISBN:** 978-0134486826

12th edition

**Authors:** Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura