Chapter 8 question 2Bay city company's fixed budget performance report for July follows. The $440,000 budgeted total expenses include $300,000 variable expenses and $140,000 fixed expenses. Actual expenses include $130,000 fixed expenses

|v Sales (in units) 6,606 4,966 Sales (in dollars) $486,999 5 436,160 3413,9091] Total expenses 449,896 463,868 32,666 F Income from operations $ 48,966 5 28,160 $11,908U # % Prepare a exible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round your intermediate calculations. Round your nal answars to whole dollars.) Book Him Print a l Prev 2 of 17 ii! Next >