Business Solutions’ second quarter 2012 fixed budget performance report for its
ID: 2482170 • Letter: B
Question
Business Solutions’ second quarter 2012 fixed budget performance report for its computer furniture operations follows. The $179,490 budgeted expenses include $123,480 in variable expenses for desks and $22,010 in variable expenses for chairs, as well as $34,000 fixed expenses. The actual expenses include $35,600 fixed expenses.
Business Solutions’ second quarter 2012 fixed budget performance report for its computer furniture operations follows. The $179,490 budgeted expenses include $123,480 in variable expenses for desks and $22,010 in variable expenses for chairs, as well as $34,000 fixed expenses. The actual expenses include $35,600 fixed expenses.
Business Solutions' second quarter 2012 fixed budget performance report for its computer furniture operations follows. The $179,490 budgeted expenses include $123,480 in variable expenses for desks and $22,010 in variable expenses for chairs, as well as $34,000 fixed expenses. The actual expenses include $35,600 fixed expenses Fixed Budget Actual Results Variances 153 79 Desk sales (in units) Chair sales (in units) Desk sales (in dollars) Chair sales (in dollars) Total expenses Income from operations 71 $ 198,450 $ 41,180 $ 179,490 $ 60,140 $205,020 $6,570 F $ 47,005 $ 5,825 F $189,070 $9,580 U $62,955 $ 2,815 F Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.) BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Bu Actual Results Variances (Click to select) (Click to select) Click to select Click to select) (Click to select) (Click to select) v (Click to select) (Click to select (Click to select) v Click to selectv (Click to select) (Click to select) vExplanation / Answer
Flexible Budget Actual Result Desk sales ( in units) 153 153 Desk sales ( in dollars)( 198450/147*153) 206550 205020 -1530 unfavourable Chair sales ( in units) 79 79 Chair sales ( in dollars)( 41180/71*79) 45820 47005 1185 favourable Total expenses variable expenses - desk (123480/147*153) 128520 variable expenses - chairs ( 22010/71*79) 24490 Fixed expenses 35600 Total expenses 188610 189070 460 unfavourable Income from operations 63760 62955 -805 unfavourable
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