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J. Camino Corporation's fixed budget for June follows. The $520,250 budgeted expenses include $451,000 variable expenses and $69,250 fixed expenses. Fixed Budget Sales (in units)
J. Camino Corporation's fixed budget for June follows. The $520,250 budgeted expenses include $451,000 variable expenses and $69,250 fixed expenses. Fixed Budget Sales (in units) 11,000 Revenue: Sales (in dollars) $ 671,000 Expenses: Total expenses 520,250 Income from operations $ 150,750 The company's actual results are below. The actual expenses include $72,150 of fixed expenses. Actual Results Sales (in units) 9.425 Revenue: Sales (in dollars) $ 556.075 Expenses: Total expenses 449,150 Income from operations $ 106,925 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 above information, complete the flexible budgeted performance report below and calculate variances. Indicate Ffor favorable variances and Ufor 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) 9.425 Revenue: $ Sales (in dollars) $ 556,075 Expenses: Variable expenses 377,000 Fixed expenses 72,1501 $ Income from operations 106,925
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