E Homework: Homework Assignment 9 Ch 9 Question 1, E9-17A (book/static) HW Score: 28.57%, 2 of 7 points Part 1 of 2 * Points: 0 of 1 Save Priya Bali owns a chain of travel goods stores. Management anticipated selling 10,000 suitcases at an average sales price of $150. Variable expenses were budgeted to be 80% of sales revenue, and the total fixed expense was budgeted to be $100,000. The actual results for the year showed that 8,000 suitcases were sold at an average price of $200. The actual variable expense percentage was 80% of sales revenue and the total fixed expenses were as budgeted. Requirement 1. Prepare a performance report for this year. How would you improve Bali's performance evaluation system to better analyze this year's results? Requirement 1. Prepare a performance report for this year. (For amounts with a $0 balance, make sure to enter "0" in the appropriate cell.) This Year Actual This Year Budget Variance Sales revenue 1,500,000 1,600,000 3100000 Variable expenses 1,200,000 1,280,000 2480000 Fixed expenses 100,000) 100,000) 200000 220000 $ 20,000 Net income Help me solve this Video Get more help - Media - Clear all Final check OM Group Projedoc Group Report &...xIsx Show All