accounting 2 Bay City Company's fixed budget performance report for July...
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Accounting
accounting 2
Bay City Company's fixed budget performance report for July follows. The $587,000 budgeted total expenses include $400,000 variable expenses and $187,000 fixed expenses. Actual expenses include $177,000 fixed expenses. Actual Fixed Budget Results Variances Sales (in units) 8,000 6.900 Sales (in dollars) $640,000 $ 607,200 $32,800 U Total expenses 587,000 553,000 34,000 Income from operations $ 53,000 $ 54,200 $ 1,200 Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately. BAY CITY COMPANY Flexible Budget Performance Report For Month Ended July 31 Flexible budget Actual results Variances Fav./Unf. Contribution margin
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