Question
Please answer the questions below. STENBACK PRO COMPANY Income Statement Performance Report Year Ended July 31, 2022 Actual Results at Actual Prices Flexible Budget Variance
Please answer the questions below.
| STENBACK PRO COMPANY | ||||||
| Income Statement Performance Report | ||||||
| Year Ended July 31, 2022 | ||||||
|
|
| Actual Results at Actual Prices | Flexible Budget Variance | Flexible Budget for Actual Number of Units Sold | Sales Volume Variance | Static (Master) Budget |
| Output units | 39.000 |
| 39.000 | 3,000 F |
| |
| Sales revenue | $ 218.000 |
| $ 218.000 | $ x x |
| |
| Variable expenses | 84.000 |
| 81.000 | x |
| |
| Contribution margin | xxx |
| xxx | $ x |
| |
| Fixed expenses | 110.000 |
| 101.000 | 0 |
| |
| Operating income | $ x |
| $ x | $ x |
| |
B-1)Please find x values in the income statement performance report of Stenback Pro Company and complete the performance report (10p). Identify the employee group that may deserve praise and the group that may be subject to criticism (10p)
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, George Foster, Srikant M. Datar
8th Edition
0131810669, 978-0131810662
