Tajiri Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of May:

Tajiri Corporation Comparison of Planning Budget to Actual Results For the Month Ended May 31

Planning Budget

Actual Results

Variances

Customers served

36,000

37,000

Revenue (3.50q)

$

126,000

$

130,100

$

4,100

F

Expenses:

Wages and salaries ($23,600 + $1.26q)

68,960

70,220

1,260

U

Supplies ($0.66q)

23,760

21,360

2,400

F

Insurance ($5,500)

5,500

5,500

0

Miscellaneous ($4,500 + $.35q)

17,100

14,700

2,400

F

Total expense

115,320

111,780

3,540

F

Net operating income

$

10,680

$

18,320

$

7,640

F

Prepare the company's flexible budget performance report for May

Tajiri Corporation
Flexible Budget Performance Report Part 1 & 2
For the Month Ended May 31
	Planning Budget		Activity Variances		Flexible Budget	Revenue and Spending Variances		Actual Results
Customers served		36,000							37,000
Revenue	$	126,000	$	(Click to select)FUNone	$	$	(Click to select)FUNone	$	130,100
Expenses:
Wages and salaries		68,960		(Click to select)FUNone			(Click to select)FUNone		70,220
Supplies		23,760		(Click to select)FUNone			(Click to select)FUNone		21,360
Insurance		5,500		(Click to select)FUNone			(Click to select)FUNone		5,500
Miscellaneous		17,100		(Click to select)FNoneU			(Click to select)FUNone		14,700
Total expense		115,320		(Click to select)UFNone			(Click to select)FUNone		111,780
Net operating income	$	10,680	$	(Click to select)NoneFU	$	$	(Click to select)FUNone	$	18,320