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Ricard Packing Products asks you to compare Net Income for the company's Flexible Budget with the Actual Results. Consider the following: Planned sales: 10,000 units
Ricard Packing Products asks you to compare Net Income for the company's Flexible Budget with the Actual Results. Consider the following: Planned sales: 10,000 units with a sale price = $50.00 Actual sales: $495,000 with a sale price = $55.00 Contribution margin %: Plan = 32.0%; Actual = 34.0% Fixed expenses: Plan = $90,000; Actual = $120,000 Compute the change in Net Income between the Flexible Budget and Actual Results. Decrease income 5700 Increase income 12300 Decrease income 14000 Increase income 48000
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