Consider the following partially completed income statement performance report for Work, Inc.

Requirement 

1. Complete the flexible budget variance analysis by filling in the blanks in the partial Income Statement Performance Report for 10,000 travel locks.

Transcribed Image Text:

WOJE, INC. Income Statement Performance Report (partial) Month Ended April 30, 2011 Flexible Budget for Actual Results at Flexible Budget Actual Number of Actual Prices Variance Output Units Output units 10,000 10,000 Sales revenue $ 170,000 150,000 Variable costs 52,100 49,700 Fixed costs 15,700 14,600 Total costs 67,800 64,300 Operating income S 102,200 85,700