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Dunlop Company has provided the following Year 2 data. Budget Sales $400,000 Variable product costs 163,000 Variable selling 40,000 expense Other variable 3,000 expenses Fixed
Dunlop Company has provided the following Year 2 data. Budget Sales $400,000 Variable product costs 163,000 Variable selling 40,000 expense Other variable 3,000 expenses Fixed product costs 10,500 Fixed selling expense 20,000 Other fixed expenses 1,600 Interest expense 650 Variances Sales 3,200 U Variable product costs 2,600 F Variable selling 1,250 U expense Other variable 600 U expenses Fixed product costs 110 F Fixed selling expense 195 F Other fixed expenses 75 U Interest expense 50 F Required a. & b. Prepare in good form a budgeted and actual income statement for internal use. Separate operating income from net income in the statements
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