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Walton Company has provided the following Year 2 data. Budget Sales $ 510,000 Variable product...

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Accounting

Walton Company has provided the following Year 2 data. Budget Sales $ 510,000 Variable product costs 202,000 Variable selling expense 47,000 Other variable expenses 3,400 Fixed product costs 15,900 Fixed selling expense 24,100 Other fixed expenses 2,000 Interest expense 610 Variances Sales 8,300 Unfavorable Variable product costs 4,700 Favorable Variable selling expense 1,600 Unfavorable Other variable expenses 1,100 Unfavorable Fixed product costs 260 Favorable Fixed selling expense 470 Favorable Other fixed expenses 120 Unfavorable Interest expense 80 Favorable Required Prepare a budgeted and actual income statement for internal use

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