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Hartley Company manufactures book bags and has provided the following information for June 2018: (Click the icon to view the information.) Requirements 1. Prepare a
Hartley Company manufactures book bags and has provided the following information for June 2018: (Click the icon to view the information.) Requirements 1. Prepare a flexible budget performance report. (Hint: You will need to calculate the flexible budget amounts for 9,000 units.) 2. As the company owner, which employees would you praise or criticize after you analyze this performance report? -- Requirement 1. Prepare a flexible budget performance report. (Hint. You will need to calculate the flexible budget amounts for 9,000 units.) (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input blank. Enter all amounts as positive values.) Hartley Company Flexible Budget Performance Report - X Data table For the Month Ended June 30, 2018 1 3 4 5 Actual Results 2 (1)-(3) Flexible Units Budget Amounts (3) - (5) Sales Volume Variance 10,000 130,000 40,000 Actual Budget Flexible Static Budget Static Budget 9,000 121,000 $ 37,400 83,600 22,000 Per Unit Results Variance Sales Revenue $ Variable Expenses Contribution Margin Fixed Expenses Operating Income Budget 90,000 Units 24,000 Sales Revenue $ 61,600 $ 66,000 Variable Expenses Contribution Margin Fixed Expenses Operating Income Print Done
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