Bay City Company's fixed budget performance report for July follows. The $513.000 budgeted total expenses include...

Transcribed Image Text:

Bay City Company's fixed budget performance report for July follows. The $513.000 budgeted total expenses include $350,000 variable expenses and $163,000 fixed expenses. Actual expenses include $153,000 fixed expenses Sales (in units) Sales (in dollars) Total expenses Income from operations Fixed Budget 7,000 1560,000 513,000 $ 47,000 Actual Results 5519,208 479,000 $ 40,200 Variances $40,000 U $ 6,0000 Prepare a flexible budget performance report that shows any variances between budgeted results and actual results List fixed and variable expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round your intermediate calculations. Round your final answers to whole dollars.) BAY CITY COMPANY Flexible Budget Performance Report For Month Ended July 31 Flexible budget Actual results Variances Fav/Unf Bay City Company's fixed budget performance report for July follows. The $513.000 budgeted total expenses include $350,000 variable expenses and $163,000 fixed expenses. Actual expenses include $153,000 fixed expenses Sales (in units) Sales (in dollars) Total expenses Income from operations Fixed Budget 7,000 1560,000 513,000 $ 47,000 Actual Results 5519,208 479,000 $ 40,200 Variances $40,000 U $ 6,0000 Prepare a flexible budget performance report that shows any variances between budgeted results and actual results List fixed and variable expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round your intermediate calculations. Round your final answers to whole dollars.) BAY CITY COMPANY Flexible Budget Performance Report For Month Ended July 31 Flexible budget Actual results Variances Fav/Unf

Answer rating: 100% (QA)

BAY CITY COMPANY Flexible Budget Perfomance Report For the Month ended July 31 Flexible budget Actua... View the full answer