Problem #7 FLEX Budget Complete the Chart below Norf-controllable Controllable Total Fl(Unfav) F (Unfav) Budget Planning Flexible Activity Spending Budget Budget or Volume Revenue Variance Variance Variance F/(Unfav) to Actual No change in inventory Actual Number of units (Q) Revenue Expenses: aterials & direct labor nufacturing verhead ministrative Expense Total expenses Net operating income Fixed per unit = variable Data given 0 Fred & Variable planned expense Revenue Direct Materials & direct labor Manufacturing overhead Selling & Administrative Expense both fixed & variable elements both fixed & variable elements Problem #7 FLEX Budget Complete the Chart below Norf-controllable Controllable Total Fl(Unfav) F (Unfav) Budget Planning Flexible Activity Spending Budget Budget or Volume Revenue Variance Variance Variance F/(Unfav) to Actual No change in inventory Actual Number of units (Q) Revenue Expenses: aterials & direct labor nufacturing verhead ministrative Expense Total expenses Net operating income Fixed per unit = variable Data given 0 Fred & Variable planned expense Revenue Direct Materials & direct labor Manufacturing overhead Selling & Administrative Expense both fixed & variable elements both fixed & variable elements