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Exercise 15-6 Income statement for Internal use LO 15-3 Dunlop Company has provided the following 2018 dsts: Salcs Variable product costs Variable selling expense Other
Exercise 15-6 Income statement for Internal use LO 15-3 Dunlop Company has provided the following 2018 dsts: Salcs Variable product costs Variable selling expense Other variable expenses Fixed product costs Fixed sclling expense Other fixed cxpenses 489,eee 63,880 48,880 3,08e 1e,58e 28,880 1,680 Sales Variable product costs Variable selling expense Other variable expenses Fixed product costs Fixed sclling expense Other fixed expenses Intcrest cxpense 3,280 L 2,688 F 1,258 U ee u 118 F 195 F 58 F a. & b. Prepare s budgeted and actusl income ststement for internal use. Separste opersting income from net income in the ststements. Calculate variances and identify them as favorable (F) or unfavorable (U) by compsring the budgeted and actual amounts determined. (Select "None" If there Is no effect (L.e., zero varlance).) Internal Income Statement for 2018 Actual Variable expenses Fixed expenses
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