Company managers received the following incomplete performance?
report:
LOADING…
?(Click the icon to view the incomplete performance?
report.)
Complete the performance report. Identify the employee group
that may deserve praise and the group that may be subject to
criticism. Give your reasoning.
Complete the performance report. ?(Enter a? “0” for any zero
balances. For any? $0 variances, leave the Favorable?
(F)/Unfavorable (U) input? blank.)
| Save Accounting Table… | + | |||
| Copy to Clipboard… | + | |||
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Kyler Pro Company |
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Flexible Budget Performance Report |
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For the Year Ended July 31, 2016 |
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Flexible |
Sales |
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Actual |
Budget |
Flexible |
Volume |
Static |
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Results |
Variance |
Budget |
Variance |
Budget |
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|
Units |
36,000 |
36,000 |
8,000 |
F |
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Sales Revenue |
$220,000 |
$220,000 |
$22,000 |
F |
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Variable Expenses |
89,000 |
83,000 |
12,000 |
U |
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Contribution Margin |
131,000 |
137,000 |
10,000 |
F |
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Fixed Expenses |
105,000 |
101,000 |
0 |
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Operating Income |
$26,000 |
$36,000 |
$10,000 |
F |
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