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Part 1 Complete the flexible budget variance analysis by filling in the blanks...

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Accounting

Part $1$

Complete the flexible budget variance analysis by filling in the blanks in the partial flexible budget performance report for $7000$ travel locks for Gordon comma Inc. Gordon, Inc.

Flexible Budget Performance Report $($ partial $)$

For the Month Ended April $30, 2018$

Actual Results

Flexible Budget Variance

Flexible Budget

Units

$7, 000$

$($ a $)$

$7, 000$

Sales Revenue

$ $133, 000$

$($ b $)$

$($ c $)$

$ $119, 000$

Variable Costs

$51, 500$

$($ d $)$

$($ e $)$

$50, 000$

Contribution Margin

$81, 500$

$($ f $)$

$($ g $)$

$69, 000$

Fixed Costs

$15, 600$

$($ h $)$

$($ i $)$

$15, 200$

Operating Income

$ $65, 900$

$($ j $)$

$($ k $)$

$ $53, 800$

$($ For variances with a $ $0$ value, make sure to enter $" 0 "$ in the appropriate cells. $)$

Gordon, Inc.

Flexible Budget Performance Report $($ partial $)$

For the Month Ended April $30, 2018$

Actual

Flexible Budget

Flexible

Results

Variance

Budget

Units

$7, 000$

$7, 000$

Sales Revenue

$ $133, 000$

$ $119, 000$

Variable Costs

$51, 500$

$50, 000$

Contribution Margin

$81, 500$

$69, 000$

Fixed Costs

$15, 600$

$15, 200$

Operating Income

$ $65, 900$

$ $53, 800$

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