Brandman University

Flexible budget project_Student Version_ACCU 325(3) (1)

There is an Excel Documment but it didn't let me updated.

Budget assumptions: Kelsey's Frozen Confectionaries Master Budget Performance Report Volume 20,000 cases For the month ended June 30 Sales Revenue $50.00 per case Percent sold on credit 90% percent of sales ACTUAL MASTER BUDGET VARIANCE VAR. % F or U Investigate? Volume (in cases) 21,460 Variable Expenses: CGS $30.00 per case Sales Revenue $1,131,020 Sales Commission $2.50 per case LessVariable Expenses: Shipping Expense $2.00 per case Cost of Goods Sold $682,880 Bad Debt Expense 1.00% percent of credit sales Sales Commissions $58,685 Shipping Expense $44,213 Fixed Monthly Expenses: Bad debt expense $16,930 Salaries $40,000 Contribution Margin $328,312 Lease on Distribution center $17,000 LessFixed Expenses: Depreciation on fleet & Equip $12,000 Salaries $43,000 Advertising $10,000 Lease on Distn center $15,500 Office rent, phone, internet $11,000 Deprec. on fleet/equip $12,000 Advertising $7,750 Management by exception 15% Investigation rule Office rent, phone, net $12,300

Operating Income $237,762 Should follow the same format above in terms of account titles/subtitles. Kelsey's Frozen Confectionaries Fexible Budget Performance Report For the month ended June 30 ACTUAL FLEXIBLE BUDGET MASTER BUDGET Enter text Enter text Enter text Enter text Enter text Enter text Enter text Contribution Margin Enter text Enter text Enter text Enter text Enter text Enter text Operating Income Make sure the CM numbers are entered on row 41 and the Operating Income numbers on row 48