Exercise 7 Recast the following budget so it is a better basis of comparison. F/U Budget 1,000 Actual 1,250 Variance 250 F $0 Sales in units Cost of Goods Sold Depreciation (straight-line) Direct labor Direct materials Plant manager's salary Operating Expenses (SG&A) Advertising expense Packaging expense Sales salary expense $5,000 $75,000 $50,000 $40,000 $5,000 $81,250 $68,750 $40,000 $6,250 $18,750 $0 U $12,000 $25,000 $40,000 $10,000 $28,125 $40,500 $2,000 $3,125 Budget Actual Variance F/U xx XXXX XXXX x x x x Sales in units Variable Costs Direct labor Direct materials Packaging expense Fixed Costs Advertising expense Depreciation (straight-line) Plant manager's salary Sales salary expense X X X xxx X X X X X X