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Vemon Company has provided the following for the year. $512,000 187,000 45,000 3, 400 15,000 24.000 2.100 710 Budget Sales Variable product costs Variable selling
Vemon Company has provided the following for the year. $512,000 187,000 45,000 3, 400 15,000 24.000 2.100 710 Budget Sales Variable product costs Variable selling expense Other variable expenses Fixed product costs Fixed selling expense Other fixed expenses Interest expense Variances Sales Variable product costs Variable selling expenso other variable expenses Fixed product costs Fixed selling expense Other fixed expenses Interest expense B, 500 U 4,300F 1,800 2,000 U 270 F 480 1600 130 F Required a. Prepare in good form a budgeted and actual income statement for internal useSeparate operating income from net income in the statements and indicate whether each variance is favorable (F) or unfavorable (U). (Select "None" if there is no effect (le, zero variance).) VERNON COMPANY Internal Income Statement Budget Actual Variance Effect Sales Variable expenses: 0 0 Fixed expenses 0 0 $ 0 $ 0
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