Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. help please. do it the the format provided in the

Help please. Do it the the format provided in the picture. 2 Business Solutions's...

50.1K

Verified Solution

Question

Accounting

Help please. Do it the the format provided in the picture.

image
2 Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $158,280 budgeted expenses include $107,160 in variable expenses for desks and $21,120 in variable expenses for chairs, as well as $30,000 fixed expenses. The actual expenses include $31,200 fixed expenses. List fixed and variable expenses separately. Ints Desk sales (in units) Fixed Budget Actual 141 UUts Variances Chair sales (in units) 147 66 Desk sales $188, 940 $195, 510 38 , 850 $6, 570 F Chair sales 33 , 660 5, 190 F Book Total expenses 158 , 280 167, 080 8, 720 U Income from operations $ 64, 320 $ 67, 360 $3, 040 F References Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. BUSINESS SOLUTIONS Flexible Budget Performan or Quarter Ended June 30 Flexible Budget Actual Results Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income from operations

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students