Begin by completing the actual and master budget columns of the performance report and then the master budget variances. Then compute the flexible budget column and the remainimg variance columns

Requirements and Computer de ce beaches et Manapotondo rentan con roped and research Prewet budget porta por este de 100 is the orginal budget assumptions forsvaratie coperto...000 Begin by completing the actual and master budget of the persport and these bow the corner Who tatabloch variance as ativtrance to Awwww The Precious Balloon Company The bleget Performance port For the Month EndNly 31 Master Budget Variance Vo Voice Actual Budget Varance Base Tas CE LA Vanables Colution Fixed Operating income BUDDDD A B D 1 2 The Precious Balloon Company Actual vs. Budget Performance Report For the Month Ended July 31 por les v 3 Master Budget Variance rem: Master Budget Actual Sales volume (number of cases 5 sold) 6 Sales revenue ha d 7 Less: Variable expenses 8 Contribution margin 9 Less: Fixed expenses 59,000 55,000 $ 178,500 $ 159,500 75,000 66,000 $ 103,500 $ 93,500 64,600 63,000 bi ge 10 Operating income $ 38,900 $ 30,500 Print Done 1. What is the budgeted sales price per unit? 2. What is the budgeted variable expense per unit? 3. What is the budgeted fixed cost for the period? 4. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (U.) 5. Management would like to determine the portion of the master budget variance that is (a) due to volume being different than originally anticipated and (b) due to some other unexpected cause. Prepare a flexible budget performance report to address these questions, using the actual sales volume of 59,000 units and the budgeted sales volume of 55,000 units. Use the original budget assumptions for sales price, variable cost per unit, and fixed costs, assuming the relevant range stretches from 50,000 to 69,000 units. 6. Using the flexible budget performance report you prepared for Requirement 5, answer the following questions: How much of the master budget variance (calculated in Requirement 4) for operating income is due to volume being higher than expected? b. How much of the master budget variance for variable expenses is due to some cause other than volume? What could account for the flexible budget variance for sales revenue? d. What is the volume variance for fixed expenses? Why is it this amount? a. c. Print Done The Precious Batoon Company produces party balloon that the Following is the comportance to my mick the icon to the comporti confort) Head the Requirement 1. What is the hugeted sales proponit? The budete samice per unit $2.00 Requirement. What is the budgeted vaatepee pornit? The bedste varable expertis 3120 Requirements. What is the budgeted for cost for the perion The budget and cost for the period is $3.000 Requirements and 5. Compute the master budgetarianos. Be sure to chances to Margoment would be to meet budget allong diferent than originally anticipated and due to some other species were bebogel performance to win the clubes 20 Use the original budget spins fysis prie be contandrade gewechstro 50.000 68.000 Begin by completing the actualmbodge columns of the performance report and then the budget ances. The complete comments Whole Labelsch variance as favorab Porn ( Umar A The Precio Balloon Company