Boston Muffins sells its muffins to restaurants and coffee houses for an average

Question

Boston Muffins sells its muffins to restaurants and coffee houses for an average selling price of $32 per case. The following information relates to the budget for Boston Muffins for this year (all figures are annual totals unless otherwise noted): EB(Click the icon to view the budget information.) During the year, Boston Muffins actually sold 9,800 cases, resulting in total sales revenue of $321,100. Actual expenses (in total) from this year are as follows: EEB (Click the icon to view the actual expenses.)

Explanation / Answer

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Boston Muffins Flexible Budget Performance Report-Sales and Operating Expenses For the Year Ended December 31 Actual
9800 cases Flexible Budget Variance Flexible Budget 9800 cases Volume Variance Master Budget 9700 cases Sales revenue 321100 7500 F 313600 3200 F 310400 Variable expenses: Packaging cost 20400 800 U 19600 200 U 19400 Shipping expense 41400 2200 U 39200 400 U 38800 Sales commission 3211 75 U 3136 32 U 3104 Total variable expenses 65011 3075 U 61936 632 U 61304 Fixed expenses: Salaries expense 6200 200 U 6000 0 None 6000 Office rent 3600 0 None 3600 0 None 3600 Depreciation 2800 0 None 2800 0 None 2800 Insurance expense 1200 300 F 1500 0 None 1500 Office supplies expense 1700 600 U 1100 0 None 1100 Total fixed expenses 15500 500 U 15000 0 None 15000 Total operating expenses 80511 3575 U 76936 632 U 76304 Net operating income 240589 3925 F 236664 2568 F 234096

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