1 2 Flexible Budgets and Standard Cost Systems Using Excel to prepare a flexible budget performance report 4 Pilchuck Company manufactures tote bags and has provided the following information for September 2018 Actual Results Static Budget Units Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income 11,000 368,000 183,000 185,000 76,000 109,000 12,000 384,000 198,000 186,000 77,184 108,816 10 12 13 Use the blue shaded areas on the ENTERANSWERS tab for inputs 14 ALWAYS use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong