It is now the end of April and Country Cookin' management is ready to evaluate its first quarter performance. Prepare a flexible budget for sales levels of 26,000, 28,000, and 30,000 smokers.
Next prepare a performance report based on the following actual results, flexible budget, and master budget prepared on the Module 5 Budget Problem part 1 tab
Evaluate the first quarter performance of Country Cookin'.
Country Cookin' Inc.
Performance Report
For the Month Ended March 31
		Actual	Variance		Flexible	Variance		Master
Units Sold		27,000	26000
Sales Revenue	130	$3,830,000	$ 450,000	F
Direct Materials	88	2,476,000	188,000	U
Direct Labor	3.75	98,000	500	U
VOH	4.50	125,600	8,600	U
V S&A	3.12	83,000
Contribution Margin		$ 3,621,400	$ 877,500		$ -	$ -
FOH	41,000	41,000	41000		41,000	41,000		41,000
F S&A	50,923	50,923	50923		50,923	50,923		50,923
Operating Income