S23-3 (similar to)Question Help

Complete the flexible budget variance analysis by filling in the blanks in the partial flexible budget performance report for 9,000 travel locks for Galen

Galen, Inc.

Flexible Budget Performance Report (partial)

For the Month Ended April 30, 2018

Actual

Flexible Budget

Flexible

Results

Variance

Budget

Units

9,000

(a)

9,000

Sales Revenue

$

162,000

(b)

(c)

$

144,000

Variable Costs

51,900

(d)

(e)

50,200

Contribution Margin

110,100

(f)

(g)

93,800

Fixed Costs

15,600

(h)

(i)

14,500

Operating Income

$

94,500

(j)

(k)

$

79,300