Exercise 15-6A (Algo) Income statement for internal use LO 15-3 Finch Company has provided the following for the yeat. Trudget Sales Variable product conta Variable selling expense Other variable expenses Fixed product costs Tixed selling expense Other fixed expenses Interest expense Variances Sales Variable product conta Variable selling expense Other variable expenses Fixed product costs Fixed selling expense Other fixed expenses Interest expense 6509,000 201,000 49,000 2,700 16,200 24.100 1.300 790 2.00 U 4.900 1 2.500 1,100.0 260 460 1100 Required a. Prepare in good form a budgeted and actual income statement for internal use. Separato operating income from net income in the statements and indicate whether each variance is favorable (F) or unfavorable (U) (Select "None" if there is no effect the zero variance).) Check my we a. Prepare in good form a budgeted and actual income statement for internal use. Separate operating income from net income in the statements and indicate whether each variance is favorable (F) or unfavorable (U). Select "None if there is no effect (... zero variance).) 14 FINCH COMPANY Internal income Statement Budget Actual Variance Effect Sales Variable expenses 0 0 Fived expenses ces 0 $ 0$ 0 Exercise 15-6A (Algo) Income statement for internal use LO 15-3 Finch Company has provided the following for the yeat. Trudget Sales Variable product conta Variable selling expense Other variable expenses Fixed product costs Tixed selling expense Other fixed expenses Interest expense Variances Sales Variable product conta Variable selling expense Other variable expenses Fixed product costs Fixed selling expense Other fixed expenses Interest expense 6509,000 201,000 49,000 2,700 16,200 24.100 1.300 790 2.00 U 4.900 1 2.500 1,100.0 260 460 1100 Required a. Prepare in good form a budgeted and actual income statement for internal use. Separato operating income from net income in the statements and indicate whether each variance is favorable (F) or unfavorable (U) (Select "None" if there is no effect the zero variance).) Check my we a. Prepare in good form a budgeted and actual income statement for internal use. Separate operating income from net income in the statements and indicate whether each variance is favorable (F) or unfavorable (U). Select "None if there is no effect (... zero variance).) 14 FINCH COMPANY Internal income Statement Budget Actual Variance Effect Sales Variable expenses 0 0 Fived expenses ces 0 $ 0$ 0