Score: 0 of 1 pt E10-26A (book/static) Data Table and coffee houses for an avera

Question

Score: 0 of 1 pt E10-26A (book/static) Data Table and coffee houses for an average selling price of $26 per case. The Re information relates to the budget for Main Street Muffins for this year (all figures are annual totals uniless enter in a 0 EEI (Click the icon to view the budget information.) During the year, Main Street Muins actually sold 9,500 cases, resulting in total sales revenue of $255,200. Actual Shipping expense Sales commission expense Salaries expense $ 10,600 $ 19,500 12,760 (Click the lcon to view the actual expenses.) Main Street Muffins Flexible Budget Performance Report-Sales and Operating Expenses For the Year Ended December 31 $ 3,900 $ 2,500 $ 1,600 $ 1,600 Flexible Flexible Actual Budget Budget Volume Budget 9,500 cases Variance 9500cases Variance 9,100 cases Sales revenue 9,100 cases Packaging cost per case Shipping expense per case Sales commission expense Salaries expense $ 6,500 $ 3,900 2,500 $ 1,800 $ 900 Insurance expense

Explanation / Answer

Flexible Budget Performance Report is as prepared below:

Working:

Main Street Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Particulars Actual Results Flexible Budget Variance Flexible Budget Volume Variance Master Budget Cases 9,500 9,500 9,100 Sales Revenue 255,200 $8,200 F 247,000 -10,400 F 236,600 Expenses: Packaging Cost 10,600 $1,100 U 9,500 -400 U 9,100 Shipping expense 19,500 $500 U 19,000 -800 U 18,200 sales commissions expense 12,760 $410 U 12,350 -520 U 11,830 Salaries expense 7,300 $800 U 6,500 0 None 6,500 Office Rent 3,900 $0 None 3,900 0 None 3,900 Depreciation 2,500 $0 None 2,500 0 None 2,500 Insurance expense 1,600 ($200) F 1,800 0 None 1,800 Office Supplies expense 1,600 $700 U 900 0 None 900 Total expenses 59,760 $3,310 U 56,450 -1,720 U 54,730 Net operating income 195,440 $4,890 F 190,550 -8,680 F 181,870

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