Question: Company managers received the following incomplete performance report: LOADING... (Click the icon to view the incomplete performance report.) Complete the performance report. Identify the employee
Company managers received the following incomplete performance report:
LOADING...
(Click the icon to view the incomplete performance report.)
Complete the performance report. Identify the employee group that may deserve praise and the group that may be subject to criticism. Give your reasoning.
Complete the performance report. (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input blank.)
| Save Accounting Table... | + | |||
| Copy to Clipboard... | + | |||
| Kyler Pro Company | |||||||
| Flexible Budget Performance Report | |||||||
| For the Year Ended July 31, 2016 | |||||||
|
|
| Flexible |
| Sales |
| ||
|
| Actual | Budget | Flexible | Volume | Static | ||
|
| Results | Variance | Budget | Variance | Budget | ||
| Units | 36,000 |
|
| 36,000 | 8,000 | F |
|
| Sales Revenue | $220,000 |
|
| $220,000 | $22,000 | F |
|
| Variable Expenses | 89,000 |
|
| 83,000 | 12,000 | U |
|
| Contribution Margin | 131,000 |
|
| 137,000 | 10,000 | F |
|
| Fixed Expenses | 105,000 |
|
| 101,000 | 0 |
|
|
| Operating Income | $26,000 |
|
| $36,000 | $10,000 | F |
|
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