Question: From Horngren's Financial & Managerial Accounting: The Managerial Chapters, 8th Edition E-M:8-16 Preparing a flexible budget performance report. Complete the performance report. ARVIN COMPANY Flexible
From Horngren's Financial & Managerial Accounting: The Managerial Chapters, 8th Edition
E-M:8-16 Preparing a flexible budget performance report.
| Complete the performance report. | |||||||||
| ARVIN COMPANY | |||||||||
| Flexible Budget Performance Report | |||||||||
| For the Year Ended July 31, 2025 | |||||||||
| Actual Results | Flexible Budget Var | Flexible Budget | Sales Vol Variance | Static Budget | |||||
| Units | 39,000 | a | 39,000 | 3,000 | g | ||||
| Sales Revenue | $ 218,000 | b | $ 218,000 | $ 27,000 | h | ||||
| Variable Expenses | 84,000 | c | 81,000 | 10,000 | i | ||||
| Contribution Margin | $ 134,000 | d | $ 137,000 | $ 17,000 | j | ||||
| Fixed Expenses | 108,000 | e | 101,000 | - | k | ||||
| Operating Income | $ 26,000 | f | $ 36,000 | $ 17,000 | l | ||||
| Identify the employee group that may deserve praise and the group that may be subject to criticism. Give your reasoning. |
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