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Check Campbell Company has provided the following for the year. $512,000 202.000 48.000 2.900 16,200 23,500 1,700 710 Budget Sales Variable product coats Variable selling

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Check Campbell Company has provided the following for the year. $512,000 202.000 48.000 2.900 16,200 23,500 1,700 710 Budget Sales Variable product coats Variable selling expense Other variable expenses Fixed product costa Fixed selling expense other fixed expenses Interest expense Variances Sales Variable product costs Variable selling expense Other variable expenses Fixed product costs Fixed selling expense other fixed expenses Interest expense 8,500 U 5,000 P 2,200 U 1.900 U 320 7 450 Y 100 U 120 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 (i.e., zero variance).) CAMPBELL COMPANY Internal Income Statement Budget Actual Variance Effect Sales Variable expenses: Fixed expenses: 0 0 $ 0 $ 0

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