Farmfresh Pty Ltd

Performance Report for the month ended $31$ Dec $2017$

Actual "Price

Variance" Flexible Budget Volume Variance $"$ Master

Budget $"$

Sales $($Units$)$

Chickfeed $55,00055,00050,000$

Cattlefeed $20,00020,00025,000$

Sales Revenue

Chickfeed $$2,645,500$ $$225,500$ $$2,420,000$ $$220,000$ $$2,200,000$

Cattlefeed $$1,140,000$ $$200,000$ $$940,000-$$$235,000$ $$1,175,000$

Total Revenue $$3,785,500$ $$425,500$ $$3,360,000-$$$15,000$ $$3,375,000$

Variable Costs

Manufacturing Costs

Chickfeed $$1,982,000$ $$332,000$ $$1,650,000$ $$150,000$ $$1,500,000$

Cattlefeed $$840,000$ $$40,000$ $$800,000-$$$200,000$ $$1,000,000$

Selling & Administration $$351,000$ $$51,000$ $$300,000$ $$-$ $$300,000$

Total Variable Costs $$3,173,000$ $$423,000$ $$2,750,000-$$$50,000$ $$2,800,000$

Contribution Margin $$612,500$ $$2,500$ $$610,000$ $$35,000$ $$575,000$

Fixed Costs

Manufacturing costs $$220,000$ $$20,000$ $$200,000$ $$-$ $$200,000$

Selling & Administration $$125,000$ $$5,000$ $$120,000$ $$-$ $$120,000$

Research & Development $$180,000-$$$5,000$ $$185,000$ $$-$ $$185,000$

Total Fixed Costs $$525,000$ $$20,000505000$ $$-$ $$505,000$

Net Income $$87,500-$$$17,500$ $$105,000$ $$35,000$ $$70,000$ does this look correct