Flexible Budget

J. Camino Corporation's fixed budget for June follows. The $475,000 budgeted expenses include $413,000 variable expenses and $62,000 fixed expenses.

	Fixed Budget
Sales (in units)	7,000
Revenue:
Sales (in dollars)	$ 504,000
Expenses:
Total expenses	475,000
Income from operations	$ 29,000

The companys actual results are below. The actual expenses include $57,300 fixed expenses.

	Actual Results
Sales (in units)	8,650
Revenue:
Sales (in dollars)	$ 614,150
Expenses:
Total expenses	593,600
Income from operations	$ 20,550

Requirement 1:

Calculate the budgeted sales price per unit (Round to 2 decimal places):

$

Requirement 2:

Calculate the budgeted variable cost per unit (Round to 2 decimal places):

$

Requirement 3:

Using the information above, calculate the appropriate flexible budget, complete the flexible budgeted performance report below and calculate variances. Indicate F for favorable variances and U for unfavorable variances.

Your amounts should be WHOLE NUMBERS ONLY. NO COMMAS, NO DECIMALS, NO DOLLAR SIGNS or other characters.

	Flexible Budget	Actual Results	Variance	F / U
Sales (in units)		8,650
Revenue:
Sales (in dollars)	$	$614,150
Expenses:
Variable expenses		536,300
Fixed expenses		57,300
Income from operations		$ 20,550

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