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Q. 4. (15 marks) Doritins Inc. is a local corn chin following current costs: if has provided the The company uses a budgeted selling price
Q. 4. (15 marks) Doritins Inc. is a local corn chin following current costs: if has provided the The company uses a budgeted selling price of $5.00 per bag of chips in its forecasts for sales of 10,000 bags of chips. In August, the company sold 12,000 bags of chips. Actual revenues and expenses for the recent month have been provided below: Required: A) Prepare a flexible budget comparing to the static budget and actual amounts in the performance report for August, by filling out the table below. Compare the flexible to variance, noting U or F beside the number in the variance column. Make sure you show any necessary supporting calculations
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