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I Can't figure out the correct calculations, please help. Franklin Company has provided the following for the year, $520,000 194,000 49,000 3, see 15,900 23,500
I Can't figure out the correct calculations, please help.
Franklin Company has provided the following for the year, $520,000 194,000 49,000 3, see 15,900 23,500 2,000 670 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 8,400 4,200 F 1,700 U 1,300 300 F 450 F 130 U 160 F Required a. Prepare in good form a budgeted and actual income statement for internal use. Separate operating income from net income in the statements and indicate whether each variance is favorable (F) or unfavorable (U) (Select "None" if there is no effect (.e., zero variance).) FRANKLIN COMPANY Internal Income Statement Budget Actual Variance Effect Sales Variable expenses Fixed expenses Step by Step Solution
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