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The following flexible budget performance report is available for Robinson, Inc. for the year ended December 31, 2018. Actual Flexible Budget Variance Flexible Budget Volume
The following flexible budget performance report is available for Robinson, Inc. for the year ended December 31, 2018.
| Actual | Flexible Budget Variance | Flexible Budget | Volume Variance | Master Budget | |
| # of Units Sold | 9,600 | 10,000 | |||
| Sales | $1000 F | $480,000 | |||
| Variable Costs | $350,400 | $360,000 | |||
| Contribution Margin | $120,000 | ||||
| Fixed Costs | $51,200 | $50,000 | |||
| Operating Income | $70,000 |
Fill in the above blanks. Make sure you label any variances favorable or unfavorable. My hint would be to start by filling in the Flexible Budget column.
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