Actual Results Revenue & Spending Variances Flexible-budget Activity Variances Planning (Static) Budget TotalVariance Shoes sold (q)...

	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.

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ekkarill92 answered 3 years ago

Explain revenue variances and spending variances in flexible budget planning?

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