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Wooten Company manufactures book bags and has provided the following information for June 2018: (Click the icon to view the information.) Requirements 1. Prepare a
Wooten Company manufactures book bags and has provided the following information for June 2018: (Click the icon to view the information.) Requirements 1. Prepare a flexible budget performance report. (Hint: You will need to calculate the flexible budget amounts for 8,000 units.) 2. As the company owner, which employees would you praise or criticize after you analyze this performance report? ..... Budget Flexible Sales Amounts Actual Budget Flexible Volume Static - Data table Per Unit Results Variance Budget Variance Budget 9,000 Units 8,000 8,000 Sales Revenue $ 14 $ 3,000 F $ 112,000 $ 14.000 U $ 126,000 115,000 $ 81,400 Actual Results 8,000 Static Budget 9,000 10 1,400 U 10,000 F 80,000 90,000 Units Variable Expenses Contribution Margin 33,600 1,600 F 32,000 4,000 U 36.000 Sales Revenue $ 115,000 $ 126,000 90,000 19,500 Fixed Expenses 1,500 F 21.000 21,000 81,400 Variable Expenses Contribution Margin $ 14,100 $ 3,100 $ 11,000 $ 4,000 $ 15,000 Operating Income U F 33,600 19,500 36,000 21,000 Fixed Expenses $ 14,100 $ 15,000 Operating Income Print Done
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