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Flexible Budget Percentage Variance (U Variance* (U or F) or F) Black Diamond SportsSubunit X...

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Accounting

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Flexible Budget Percentage Variance (U Variance* (U or F) or F) Black Diamond SportsSubunit X Flexible Budget Actual Sales. $ 486,000 260,000 450,000 250,000 Cost of goods sold Gross margin. $ $ 226,000 52,000 200,000 50,000 174,000 150,000 Operating expenses Operating income before service department charges $ Service department charges (allocated).. $ Operating income *Flexible budget variance / Flexible budget 35,000 25,000 139,000 $ 125,000 Requirement 1. Complete the performance evaluation report for the subunit. (Enter a variance for each account, and select whether the variance is unfavourable (U) or favourable (F). Enter the results as positive numbers. Enter the variance percentages rounded to three decimal places, X.XXX%.) Flexible Budget Percentage Flexible Variance Variance Black Diamond SportsSubunit X Actual Budget (U or F) (U or F) Sales. $ 486,000 $ 450,000 % 260,000 250,000 Cost of goods sold . % Gross margin. ... 226,000 $ 200,000 % 52,000 50,000 Operating expenses % Operating income before service department charges 174,000 $ 150,000 % Service department charges 35,000 25,000 (allocated). % $ 139,000 $ 125,000 Operating income .. %

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