vaniance analysis by filing in the blanks in the partial flexible budget perform

ID: 2559250 • Letter: V

Question

vaniance analysis by filing in the blanks in the partial flexible budget performance report for 6,000 travel locks for Gordon, Inc e the flexible budget (Click the icon to view the report ) Data Table For v with a S0 value, make sure to enter "0" in the appropriate cells) Gordon, Inc. Flexible Budget Performance Report (partial) For the Month Ended April 30, 2016 Flexible Budget Performance Report (partial) For the Month Ended April 30, 2016 Flexible Budget Flexible Variance Budget Actual ActualFlexible Budget Flexible ResultsVariance Budget Results 6,000 6.000 96,000 49.800 6 000 96000 49 800 46.200 6,000 (a) Units Sales Revenue Variable Costs 108 000 S 108 (c) s 51,800 51,800 (d) 56,200 16 200 40,000 4 900ontribution Margin Fixed Costs 14 900 Fooed Costs 16.200 S31,300 Operating Income

Explanation / Answer

Answer

Actual Results (A)

Flexible Budget Variance (B - A)

Flexible Budget (B)

Units

6,000.00

Sales Revenue

$ 1,08,000.00

12000 F

$ 96,000.00

(-) Variable cost

$ 51,800.00

2000 U

$ 49,800.00

Contribution margin

$ 56,200.00

10000 F

$ 46,200.00

(-) Fixed cost

$ 16,200.00

1300 U

$ 14,900.00

Operating Income

$ 40,000.00

8700 F

$ 31,300.00