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Barlow Company manufactures book bags and has provided the following information for June 2018: E (Click the icon to view the information.) Requirements Prepare a flexible budget performance report. (Hint. You will need to calculate the flexible budget amounts for 10,000 units.) As the company owner, which employees would you praise or criticize after you analyze this performance report? 1. 2. Requirement 1. Prepare a flexible budget performance report. (Hint. You will need to calculate the flexible budget amounts for 10,000 units.) (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F/Unfavorable (U) input blank. Enter all amounts as positive values.) Barlow Company Flexible Budget Performance Report For the Month Ended June 30, 2018 O Data Table - X 1 3 4 5 |(1) - (3) (3) - (5) Budget Flexible Sales Actual Results Static Budget 10,000 Amounts Actual Budget Flexible Volume Static Units 11,000 Per Unit Results Variance Budget Variance Budget Sales Revenue 174,000 $ 187,000 Units 91,400 99,000 Sales Revenue Variable Expenses Contribution Margin 82,600 88,000 Variable Expenses 16,000 18,000 Contribution Margin Fixed Expenses 66.600 $ 70,000 Fixed Expenses Operating Income Operating Income Print Done

Barlow Company manufactures book bags and has provided the following information for June 2018: E (Click the icon to view the information.) Requirements Prepare a flexible budget performance report. (Hint. You will need to calculate the flexible budget amounts for 10,000 units.) As the company owner, which employees would you praise or criticize after you analyze this performance report? 1. 2. Requirement 1. Prepare a flexible budget performance report. (Hint. You will need to calculate the flexible budget amounts for 10,000 units.) (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F/Unfavorable (U) input blank. Enter all amounts as positive values.) Barlow Company Flexible Budget Performance Report For the Month Ended June 30, 2018 O Data Table - X 1 3 4 5 |(1) - (3) (3) - (5) Budget Flexible Sales Actual Results Static Budget 10,000 Amounts Actual Budget Flexible Volume Static Units 11,000 Per Unit Results Variance Budget Variance Budget Sales Revenue 174,000 $ 187,000 Units 91,400 99,000 Sales Revenue Variable Expenses Contribution Margin 82,600 88,000 Variable Expenses 16,000 18,000 Contribution Margin Fixed Expenses 66.600 $ 70,000 Fixed Expenses Operating Income Operating Income Print Done

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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**Barlow Company manufactures book bags and has provided the following information for June 2018:** ### Requirements 1. **Prepare a flexible budget performance report.** - *(Hint: You will need to calculate the flexible budget amounts for 10,000 units.)* 2. **As the company owner, which employees would you praise or criticize after you analyze this performance report?** --- ### Requirement 1 **Prepare a flexible budget performance report.** - *(Hint: You will need to calculate the flexible budget amounts for 10,000 units.)* - *(Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input blank. Enter all amounts as positive values.)* --- **Barlow Company** **Flexible Budget Performance Report** For the Month Ended June 30, 2018 | | 1 | 2 | 3 | 4 | 5 | |---------------------|---------------------|---------------------|-----------------------|---------------------|---------------------| | | Budget Amounts Per Unit | Actual Results | Flexible Budget | Sales Volume Variance | Static Budget | | Sales Revenue | | | | | | | Variable Expenses | | | | | | | Contribution Margin | | | | | | | Fixed Expenses | | | | | | | Operating Income | | | | | | --- **Data Table** | | Actual Results | Static Budget | |---------------------|----------------|---------------| | Units | 10,000 | 11,000 | | Sales Revenue | $174,000 | $187,000 | | Variable Expenses | $91,400 | $99,000 | | Contribution Margin | $82,600 | $88,000 | | Fixed Expenses | $16,000 | $18,000 | | Operating Income | $66,600 | $70,000 |
Transcribed Image Text:**Barlow Company manufactures book bags and has provided the following information for June 2018:** ### Requirements 1. **Prepare a flexible budget performance report.** - *(Hint: You will need to calculate the flexible budget amounts for 10,000 units.)* 2. **As the company owner, which employees would you praise or criticize after you analyze this performance report?** --- ### Requirement 1 **Prepare a flexible budget performance report.** - *(Hint: You will need to calculate the flexible budget amounts for 10,000 units.)* - *(Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input blank. Enter all amounts as positive values.)* --- **Barlow Company** **Flexible Budget Performance Report** For the Month Ended June 30, 2018 | | 1 | 2 | 3 | 4 | 5 | |---------------------|---------------------|---------------------|-----------------------|---------------------|---------------------| | | Budget Amounts Per Unit | Actual Results | Flexible Budget | Sales Volume Variance | Static Budget | | Sales Revenue | | | | | | | Variable Expenses | | | | | | | Contribution Margin | | | | | | | Fixed Expenses | | | | | | | Operating Income | | | | | | --- **Data Table** | | Actual Results | Static Budget | |---------------------|----------------|---------------| | Units | 10,000 | 11,000 | | Sales Revenue | $174,000 | $187,000 | | Variable Expenses | $91,400 | $99,000 | | Contribution Margin | $82,600 | $88,000 | | Fixed Expenses | $16,000 | $18,000 | | Operating Income | $66,600 | $70,000 |
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