Prepare a flexible budget performance report for bay city co

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Reference no: EM131073128

Bay City Company's fixed budget performance report for July follows. The $587,000 budgeted expenses include $400,000 variable expenses and $187,000 fixed expenses. Actual expenses include $177,000 fixed expenses.

	Fixed Budget	Actual Results	Variances
Sales (in units)	8,000	6,900
Sales (in dollars)	$ 640,000	$ 614,100	$ 25,900
Total expenses	587,000	547,000	40,000
Income from operations	$ 53,000	$ 67,100	$ 14,100

Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately.

Reference no: EM131073128

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