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Solomon Company has provided the following Year 2 data.
Budget
\table[[Sales , $511,000],[Variable product costs,185,000,],[Variable selling expense,48,000,],[Other variable expenses,3,400,],[Fixed product costs,15,700,],[Fixed selling expense,24,000,],[Other fixed expenses,1,800,],[Interest expense,720,],[Variances],[Sales,8,500,Unfavorable],[Variable product costs,4,700,Favorable],[Variable selling expense,2,400,Unfavorable],[Other variable expenses,1,700,Unfavorable],[Fixed product costs,290,Favorable],[Fixed selling expense,390,Favorable],[Other fixed expenses,190,Unfavorable],[Interest expense,180,Favorable]]
\table[[SOLOMON COMPANY],[Internal Income Statement for Year 2,],[Sales,Budget,Actual],[Variable expenses:,$511,000,$502,500
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