Flexible budget variance Consider the following partially completed income statement performance report for Gaje, Inc.
|
GAJE, INC. Income Statement Performance Report (partial) Month Ended April 30, 2012 |
|||
|
|
Actual Results at Actual Prices |
Flexible Budget Variance |
Flexible Budget for Actual Number of Units Sold |
|
Output units |
6,000 |
|
6,000 |
|
Sales revenue |
$90,000 |
|
$78,000 |
|
Variable expenses |
52,200 |
|
49,500 |
|
Contribution margin |
$37,800 |
|
$28,500 |
|
Fixed expenses |
16,200 |
|
15,300 |
|
Operating income |
$21,600 |
|
$13,200 |
Requirement
1. Complete the flexible budget variance analysis by filling in the blanks in the partial income statement performance report for 6,000 travel locks.