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Exercise 9-4B Income statement for internal use Yazoo Company has provided the following data for Year 2 Budget Sales $500,000 Variable product costs 164,000 Variable

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Exercise 9-4B Income statement for internal use Yazoo Company has provided the following data for Year 2 Budget Sales $500,000 Variable product costs 164,000 Variable selling expense 46,000 Other variable expenses 8,000 Fixed product costs 70,000 Fixed selling expense 25,000 Other fixed expenses 2,000 Interest expense 1.000 Actual results Sales 520,000 168,000 44,000 Variable product costs Variable selling expense Other variable expenses Fixed product costs Fored selling expense 7,000 64.000 22.000 Other fed expenses 8,000 Interest expense 1050 Required 2. Pate in good form a budgeted and actual income statement for internal ise. Separate operating income from net income in the statements b. Calcule variances and identify them as favorable (F) or unfavorable (U)

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