Question
Amazing Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Master Actual Budget Budget Volume Budget
Amazing Muffins | |||||||
Flexible Budget Performance Report - Sales and Operating Expenses | |||||||
For the Year Ended December 31 | |||||||
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| Flexible | Flexible |
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| Master | |
| Actual | Budget | Budget | Volume | Budget | ||
| 8,400 cases | Variance | 8,400 cases | Variance | 8,000 cases | ||
Sales revenue |
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($32 per case) |
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| (1) |
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| (2) |
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Variable operating expenses: |
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Packaging expense ($2 per case sold) |
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| (3) |
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| (4) |
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Shipping expense ($5 per case sold) |
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| (5) |
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| (6) |
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Sales commissions (3% of sales price) |
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| (7) |
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| (8) |
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Fixed operating expenses: |
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Salaries |
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| (9) |
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| (10) |
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Office rent |
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| (11) |
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| (12) |
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Depreciation |
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| (13) |
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| (14) |
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Insurance expense |
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| (15) |
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| (16) |
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Office Supplies expense |
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| (17) |
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| (18) |
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Total operating expenses |
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| (19) |
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| (20) |
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