Here are data for the stove division of Appliances Now, which produces and sells a complete line of kitchen stoves:

(In thousands)		Budget			Actual
Revenue		$	16,493		$	17,474
Variable production costs			5,862			6,429
Fixed manufacturing costs			1,880			1,926
Variable selling expenses			452			546
Fixed selling expenses			1,275			1,268
Administrative expenses			4,783			5,541
Operating income		$	2,241		$	1,764

The budget, set at the beginning of the year, was based on estimates of sales and costs. Administrative expenses include charges by corporate headquarters for providing strategic guidance. These fixed costs are allocated to divisions using revenues as the allocation base.

Assume that a different volume of stoves was sold than was budgeted, and prepare a flexible budget using the change in revenue to adjust the variable costs. Calculate budget variances?

Static			Flexible						Flexible
	budget	budget						Actual budget Variance

( ) ____ ____ _____ ______

( ) _____ ____ _____ ______

( ) _____ _____ ____ _____

( ) ______ ______ ____ _____

( ) _____ _____ _____ ____

( ) _____ _____ _____ _____

( ) _____ ______ ____ $_____

( ) $_____ $ _____ $______

Can chose (Revenues, Fixed selling expense, total costs, administrative expense, variable selling expense, fixed manufacturing cost, operating income, variable production cost) in the bracket.