Question: 1. Prepare a flexible budget performance report for 2013 (Do not round intermediate calculations.) PHOENIX COMPANY Flexible Budget Performance Report For Year Ended December 31,

round intermediate calculations.) PHOENIX COMPANY Flexible Budget Performance Report For Year Ended

December 31, 2013 lexible Bu ual Results Variances 63,000 Favorable Sales 5,000,000

1. Prepare a flexible budget performance report for 2013 (Do not round intermediate calculations.) PHOENIX COMPANY Flexible Budget Performance Report For Year Ended December 31, 2013 lexible Bu ual Results Variances 63,000 Favorable Sales 5,000,000 5,063,000 S Variable costs Direct materials 1. 059 15,000 Unfavorable 1,162,059 8.000 Unfavorable Direct labor 282,353 290,353 105.882 97 882 8,000 Favorable Machinery repairs Packaging 88.235 85.485 2.750 Favorable Shipping 129,412 121.412 8,000 Favorable 1,809,632 1,805,882 3,750 Unfavorable Total variable costs 315.000 315.000 Depreciation-Plant equipment Utilities 150,000 147,500 2500 Favorable 226.000 215,000 11,000 Unfavorable Plant management salaries 2m6 000 16,000 Unfavorable 260,000 Sales salary 140.000 132,000 8,000 Unfavorable Advertising 261,000 261.000 %000 93,500 3500 Unfavorable Entertainment expense 1,459,000 36,000 Unfavorable 1,423,000 Total fixed costs 1,771,118 1,794,368 23.250 Favorable Income from operations

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