In: Accounting
Actual Results |
Revenue & Spending Variances |
Flexible-budget |
Activity Variances |
Planning (Static) Budget |
TotalVariance |
|
Shoes sold (q) |
$19,000 |
20,000 |
||||
Revenue ($4.00q) |
$79,000 |
$80,000 |
||||
Expenses: |
||||||
COGS ($1.50q) |
$31,000 |
$30,000 |
||||
Wages and salaries ($8,000 + $.50q) |
$16,000 |
$18,000 |
||||
Supplies ($.25q) |
$4,600 |
$5,000 |
||||
Insurance ($2,000) |
$2,100 |
$2,000 |
||||
Miscellaneous costs ($.30q) |
$5,400 |
$6,000 |
||||
Total expenses |
$59,100 |
$61,000 |
||||
Net operating income |
$19,900 |
$19,000 |
Completely fill in table above.
Note
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