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Benson Company has provided the following for the year, Budget Sales Variable product conta Variable selling exponse Other variable expenses Fixed product to Fixed selling
Benson Company has provided the following for the year, Budget Sales Variable product conta Variable selling exponse Other variable expenses Fixed product to Fixed selling expense Other trademper Interest expense Varico Bales Variable product conto Variable selling and Other variable spoon Pixed product cate Fixed selling expense Other Cixed expenses Interest expenso $505,000 185,000 45,000 3,500 15,000 240200 2.100 200 7,700 4.400 1.600 U 1/100 300 T 400 249 U 140 Required a. Prepare in good form a budgeted and actual income statement for internal use. Separate operating income from net income in the statements and indicate whether each variance is favorable (F) or unfavorable (U). (Select "None" if there is no effect (.e., zero variance)) BENSON COMPANY Internal Income Statement Budget Actual Variance Effect Sales Variable expenses: 0 0 Fixed expenses 0 0 $ o 0 +
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