Answered step by step
Verified Expert Solution
Question
1 Approved Answer
cant figure this out, please help me Serial Problem Business Solutions LO P1 Business Solutions's second-quarter 2020 fixed budget-performance report for its computer furniture operations
cant figure this out, please help me Serial Problem Business Solutions LO P1 Business Solutions's second-quarter 2020 fixed budget-performance report for its computer furniture operations follows. The $173,120 budgeted expenses include $119,340 in variable expenses for desks and $22,780 in variable expenses for chairs, as well as $31,000 fixed expenses. The actual expenses include $32,500 fixed expenses. List fixed and variable expenses separately. Desk sales in units) Chair sales (in units) Desk sales Chair sales Total expenses Income from operations Tixed Budget Actual Results Variances 153 159 67 75 $194,310 $200,340 $6,030 36,180 41,625 5,4457 173, 120 182,310 9,190 $ 57,370 $ 59,655 $2,285 Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Variance $ 201,930 40.500 149,520 149.810 Fav. Ant. Desk sales Chair sales Variable expenses Contribution margin Prev 1 of 1 !! Next
cant figure this out, please help me
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started