E Homework: Ch 10 HW Question list Question 1 Data table Happy Bubbles, Inc. Income Statement Month Ended May 31 Sales revenue Variable expenses: Cost of goods sold Sales commissions Utility expense Fixed expenses: Salary expense Depreciation expense Rent expense Utility expense K Print $ S Total expenses. Operating incomeRSLA $ $ Done Happy Bubbles, Inc. produces multicolored bubble solution used for weddings and other events (Click the icon to view the actual income statement.) The company's flexible budget income statement for May follows: (Click the icon to view the flexible budget income statement.) Read the requirements. - 210,500 88,400 23,500 3,500 35,100 18,000. 14,150 5,000 187,650 22,850 X Question 5, P10-50A (similar to) Part 1 of 5 Prepare the income statement performance report. Note: The master budget appropriate column. Label each variance as favorable (F) or unfavorable (U). sold ions expense kpense Happy Bubbles, Inc. Income Statement Performance Report For the month ended May 31 Actual Flexible Budget Variance Flexible Budget Data table Sales revenue Variable expenses: Happy Bubbles, Inc. Flexible Budget Income Statement Month Ended May 31 Cost of goods sold Sales commissions Utility expense Fixed expenses. Salary expense Depreciation expense Rent expense Utility expense Flexible Budget per Output Unit $ Print 2.90 1.25 0.30 0.05 Output Units (Kits) 65,000 $ 188,500 $ 81,250 19,500 3,250 33.000 18,000 15,000 5,000 Done Clear all 70,000 75,000 203,000 $217,500 87,500 93,750 21,000 22,500 3,500 3,750 33,000 $18,000 15,000 5,000 36,300 20,700 19,000 5,000 Check answer

Mat fe parnaris Data table Happy Bubbles, Inc. produces multicolored bubble solution used for weddings and other events. The company sold 70,000 bubble kits (Click the icon to view the actual income statement.) The company's flexible budget income statement for May follows: (Click the icon to view the flexible budget income statement.) Read the requirements. Requirement 1. Prepare the income statement performance report. Note. The master budget was based on expected sales volume o column. Label each variance as favorable (F) or unfavorable (U). A variance of zero is considered favorable)) Happy Bubbles, ino, produces munticolored bubble solution usod for woddings and other events. The company sold 70,000 bubble Kite (Click the icon to vew the actual income statement) The companys flexible budget income statement for Miy follows: (Click the icon to view the fiexble budget income staternent.) Read the requirements. Data table