Assignment 5 Chap ACC 1145 FLEXIBLE BUDGET PERFORMANCE REPORT QUESTION #3 Happy Corp. Fixed Budget, June 2014 Based on volume of 10,000 units What is the Standard or budgeted amount per unit for Sales, Variable Expenses and Contribution Margin? Sales Variable Costs Contribution Margin Fixed Expenses Operating Income $100,000 40,000 60,000 25,000 35,000 Actual volume was 12,000 units and the following actual results were reported: Sales $140,000 Variable Costs 68,000 Contribution Margin 72,000 Fixed Expenses 30.000 Operating Income 42,000 Prepare a Flexible Budgeted based on actual sales volume: Based on volume of 12.000 units Sales Calculations Variable Costs ,000 Contribution Margin ,000 Fixed Expenses ,000 Operating Income ,000 ,000 repare a FLEXIBLE BUDGET PERFORMANCE REPORT. Actual Flexible Budget Volume 12.000 Variances Fav or Unfay Sales Variable Costs Contribution Margin Fixed Expenses Operating Income Did the Company do a good job controlling their costs (Variable and Fixed)? Did the Company do a good job at pricing their Products