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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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