This is all the information that was provided by my instructor. "The Template consists of 1 tab, all the information you need to complete the yellow input boxes on the Budget Performance Report for the ABC Company is provided"

Also,

Do both variance analysis point to the same conclusion? Explain.

ABC Company Fixed & Flexible Budget Performance Report For the Month Ended January 31, 2014 Fixed Budget 2014 4,000 Actual Results 2014 5,000 Variances Actual to Fixed Budget Variances Actual to Flexible Budget Flexible Budget 2014 Favorable /Unfav. Favorable /Unfav. $ 80,000 $ 103,750 $ $ 8,000 12,000 $ 9,600 $ 14,500 Fixed or Variable Cost Sales in Units Sales in Dollars Cost of goods sold Direct Materials Variable Direct Labor Variable Overhead Factory Supplies Variable Utilities Variable Depreciation - Machinery - Straight-line Fixed Supervisory Salaries Fixed Selling Expenses Sales commissions Variable Shipping Expenses Variable General & Administrative Expenses Office Supplies Variable Insurance Expense Fixed Depreciation - Office equipment - Straight Fixed Administrative Salaries Fixed $ $ $ $ 600 1600 4,500 6,000 $ $ $ $ 740 1,950 4,500 6,000 $ $ 3,200 1,200 $ $ 4,000 1,300 $ $ $ 400 800 1,200 7.500 480 800 1,200 7,500 $ $ Total Expenses $ 47,000 $ 52,570 Income from Operations 33,000 TIL 51,180