Flexible Budgets and Standard Cost Systems
Using Excel to prepare a flexible budget performance report
Pilchuck Company manufactures tote bags and has provided the following information for September 2018:
			Actual Results	Static Budget
	Units		14,000	15,000
	Sales Revenue		560,000	540,000
	Variable Costs		294,000	262,500
	Contribution Margin		266,000	277,500
	Fixed Costs		109,000	122,000
	Operating Income		157,000	155,500
Use the blue shaded areas on the ENTERANSWERS tab for inputs.