Flexible Budget

J. Camino Corporation's fixed budget for June follows. The $481,150 budgeted expenses include $410,000 variable expenses and $71,150 fixed expenses.

	Fixed Budget
Sales (in units)	10,000
Revenue:
Sales (in dollars)	$ 590,000
Expenses:
Total expenses	481,150
Income from operations	$ 108,850

The companys actual results are below. The actual expenses include $67,250 fixed expenses.

	Actual Results
Sales (in units)	9,255
Revenue:
Sales (in dollars)	$ 573,810
Expenses:
Total expenses	455,960
Income from operations	$ 117,850

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)
Revenue:
Sales (in dollars)	$	$
Expenses:
Variable expenses
Fixed expenses
Income from operations		$