****** NEED HELP WITH #5 ***********

4. Was the sales variance favorable or unfavorable? (Refer to WP A.5.) favorable ng 5. State in millions the amount of sales variance (Refer to WP A.5.) 6. Was the gross profit rate variance favorable or unfavorable? (Refer to WP A.5.) favorable HP 1.5 BRONY'S BIKES BUDGETED VS. ACTUAL INCOHE STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2029 Prepared by Client Date: Revieved by: Date: (in thousands of dollars) Variance as % Variance of Budget Favorable Favorable infavorabl. Unfavorable) Actual 12/31/2009 Budget 12/31/2019 $335,000 $302,000 $33,000 10.93% Sales Revenue Cost of Goods Sold: Beginning Inventories Cost of Goods Manufactured (Schedule 1) $10,142 $10,142 $233, 174 $225,000 ($8,174) -3.637 Cost of Goods Available for Salt $243, 316 Ending Inventories $15,516 $235,142 $10,500 Cost of Goods Sold $227,800 $224,642 Gross Profit on Sales Operating Expenses (Schedule 2) $107,200 $45,770 $77,358 $ 48, 418 $29,842 $2,648 38.58% 5.47% -- - - - - - - - - - - - - - - - - - - - - - - - - -- -- - - - - $61,430 $28,940 Operating Incore Financial Incore and Expense: Interest Expense Interest and Dividends Earned (Gain) Loss on Disposal of Inves Loss on Decline in Market Value $12,890 ($220) $198 $2,800 $12,800 ($500) ($200) $ 200 Net Financial Expense ($3,368) -27.387 $15, 668 - - $12,300 - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - - -- - - Net Incone before Taxes and Extraordinary Itens Incone Taxes $45,762 $13,729 $16,640 $6,500 Net Incore $32,033 $10,140 $21,893 215.91% = = = = = = = = CH Schedule 1 Cost of Goods Hanufactured (in thousands of dollars) Variance as % Variance of Budget Favorable Favorable (Unfavorable) Infavorable) Actual 12/31/2019 Budget 12/31/2019 $4,000 $4,000 Beginning Vork in Process Inventories Hanufacturing Costs: Direct Haterials: Beginning Inventories of Materials and Purchased Parts $16,150 Purchases $105,400 $16,150 $85,400 $101,550 Available for Production $121,550 Ending Inventories of Haterials and Purchased Parts $26,800 $10,500 Cost of Materials Used in $94,750 Direct Labor $ 35,600 Hanufacturing Overhead (Sc $103, 324 $91,050 $31,500 $102,600 ($3,700) ( $4,100) ($724) -4.06% -13.02% -0.71% Total Manufacturing Costs $ 233,674 $225, 150 Total Vork in Process Ending Work in Process Inventories $237,674 $4,500 $229, 150 $4,150 Cost of Goods Manufactured $233, 174 $225,000 SCHEDULE 14 HANUFACTURING OVERHEAD Variance as * Variance of Budget Favorable Favorable (Unfavorable) Infavorable) Actual 12/31/2019 Budget 12/31/2019 Indirect Labor Depreciation of Factory Building Depreciation of Factory Equipaent Property Taxes Hanufacturing Supplies Payroll Taxes and Fringe Benefits Repairs and Maintenance Expense Utilities Miscellaneous $5,500 $2,000 $ 42,060 $6,000 $15,042 $13, 200 $1,222 $16,100 $2,200 $5,400 $2,000 $42,000 $6,000 $15,500 $13,000 $1,000 $15,800 $1,900 ($100) $0 ($60) SO $ 458 ($200) ($222) ($300) ($300) -1.85% 0.00% -0.14% 0.00% 2.95% -1.54% -22.20% -1.90% -15.79% -- - - - - - - - - - - - - - - - - - - $103, 324 $102,600 ($724) -0.71% SCHEDULE 2 = == = = == = = == = = == = = == = = == = = == = = = = = = = = = = = = = = = = = SCHEDULE 2 OPERATING EXPE (in thousands of dollars) Variance as % Variance of Budget Favorable Favorable (Unfavorable) Infavorable) Actual 12/31/2019 Budget 12/31/2019 2 Selling Expenses : 3 Sales comissions 4 Sales salaries 5 Bad Debts Expense 6 Product Varranty 7 Advertising 3 Miscellaneous selling $16,500 $1,200 500 $1,139 $3,311 $ 420 $15,100 $1,000 $1,000 $1,100 $3,300 $380 ($1,400) ($200) $500 ($39) ($11) ( $40) -9.277 -20.00% 50.00% -3.55% -0.33% -10.53% $23,070 $21,880 ($1,190) -5.44% OULUN $7,400 $1,000 $700 $2,150 $800 ($150) ($50) SO ($95) $0 -2.03% -5.00% 0.00% -4.427 0.00% 1 General Expenses: Administrative salaries $7,550 Research and developent $1,050 Patent arortization $700 Payroll taxes and fringe b $2,245 Depreciation-office buildi $800 Depreciation-office fixtures and equipient $1,875 Depreciation-autos and tru $320 Depreciation-varehouses $10,000 Accounting and legal fees $750 Other Professional Service $20 Supplies $200 Insurance $450 Printing and postage $520 Gain Loss on Disposal of P ($4,000) Hiscellaneous administrati $220 NEO $1,860 $330 $10,000 $700 $18 $220 $460 $500 $200 $200 ($15) $10 $0 ($50) ($2) $20 $10 ( $20) $4,200 ($20) -0.81% 3.03% 0.00% -7.14% -11.11% 9.09% 2.177 -4.00% 2100.00% -10.00% $22,700 $26,538 $3,838 14.46% UNPOOONOU $45, 770 $ 48, 418 $2,648 5.47%