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Create a flexible budget Which, if any, of the flexible budget variances should be...

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Accounting

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Create a flexible budget
Which, if any, of the flexible budget variances should be investigated if using a 3% variance benchmark?
Master Budget 350,000 3,500,000 Actual 335,000 3,350,000 Variance 15,000 150,000 3 Units 4 Sales 5 Variable Costs: 6 Utilities 7 Maintenance & Supplies 9 Variable Payroll 10 Total Variable Costs 11 Contribution Margin 12 Fixed Costs: 13 Management Salaries 14 Rent 15 Depreciation 16 Total Fixed Costs 17 Operating Income 70,000 42,000 420,000 2,040,000 2,572,000 928,000 76,000 39,000 390,000 1,980,000 2,485,000 865,000 6,000 3,000 30,000 60,000 87,000 63,000 720,000 40,000 85,000 845,000 83,000 720,000 40,000 85,000 845,000 20,000 63,000 Variance 22 Units Flexible Budget Flex Budget 335,000 3,350,000 Var Faw/UnfayInvestigate? Actual 335,000 3,350,000 23 Sales 24 Variable Costs: 2 Utilities 26 Maintenance 27 Supplies 28 Variable Payroll 29 Total Variable Costs 30 Contribution Margin 31 Fixed Costs: 32 Management Salaries 33 Rent 34 Depreciation 35 Total Fixed Costs 36 Operating Income 76.000 39,000 390.000 1,980,000 2,485,000 S65,000 720,000 40,000 35.000 S45,000 20.000 Sheet She Sheet

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