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Finch Company has provided the following Year 2 data. Budget Sales Variable product costs Variable selling expense Other variable expenses Fixed product costs Fixed selling
Finch Company has provided the following Year data.
Budget
Sales
Variable product costs
Variable selling expense
Other variable expenses
Fixed product costs
Fixed selling expense
Other fixed expenses
Interest expense
Variances
Sales
Variable product costs
Variable selling expense
Other variable expenses
Fixed product costs
Fixed selling expense
Other fixed expenses
Interest expense
$
Unfavorable
Favorable
Unfavorable
Unfavorable
Favorable
Favorable
Unfavorable
Favorable
Required
Prepare a budgeted and actual income statement for internal use.
tableFINCH COMPANYInternal Income Statement for Year SalesBudget,ActualVariable expenses:,,Product costs,,Selling expenses,,Other expenses,,Contribution margin,,Fixed expenses:,,Product costs,,Selling expenses,,Other expenses,,Operating income lossInterest expense,,Net income loss
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