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Budget information Budgeted sales in cases... Packaging cost per case... Shipping expense per case Sales commission expense Salaries expense Office rent Depreciation Insurance expense Office supplies expense Print S 9,100 cases 1 2 5% of sales price 6.500 3,900 2,500 1,800 900 Dono Actual expenses Packaging cost Shipping expense.. Sales commission expense. Salaries expense..... Office rent.. Depreciation Insurance expense.. $ 10,600 S 19,500 $ 12,760 $ 7,300 $ 3,900 $ $ $ 2,500 1,600 1,600 Office supplies expense During the year, Main Street Muffins actually sold 9,500 cases, resulting in total sales revenue of $255,200. - X Requirement Construct a flexible budget performance report for Main Street Muffins for the year. Be sure to indicate whether each variance is favorable (F) or unfavorable (U). Print Done

Budget information Budgeted sales in cases... Packaging cost per case... Shipping expense per case Sales commission expense Salaries expense Office rent Depreciation Insurance expense Office supplies expense Print S 9,100 cases 1 2 5% of sales price 6.500 3,900 2,500 1,800 900 Dono Actual expenses Packaging cost Shipping expense.. Sales commission expense. Salaries expense..... Office rent.. Depreciation Insurance expense.. $ 10,600 S 19,500 $ 12,760 $ 7,300 $ 3,900 $ $ $ 2,500 1,600 1,600 Office supplies expense During the year, Main Street Muffins actually sold 9,500 cases, resulting in total sales revenue of $255,200. - X Requirement Construct a flexible budget performance report for Main Street Muffins for the year. Be sure to indicate whether each variance is favorable (F) or unfavorable (U). 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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per case. The following information relates to the budget for

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Budget information Budgeted sales in cases....... Packaging cost per case..... $ Shipping expense per case. $ Sales commission expense Salaries expense Office rent.. Depreciation Insurance expense Office supplies expense Print $ $ $ $ $ 9,100 cases Done 1 2 5% of sales price 6,500 3,900 2,500 1,800 900 Actual expenses Packaging cost.. Shipping expense Sales commission expense. Salaries expense. Office rent $ 10,600 $ 19,500 12,760 $ $ 7,300 $ 3,900 Depreciation $ Insurance expense $ 2,500 1,600 1,600 Office supplies expense $ During the year, Main Street Muffins actually sold 9,500 cases, resulting in total sales revenue of $255,200. - X Requirement Construct a flexible budget performance report for Main Street Muffins for the year. Be sure to indicate whether each variance is favorable (F) or unfavorable (U). Print Done
Transcribed Image Text:Budget information Budgeted sales in cases....... Packaging cost per case..... $ Shipping expense per case. $ Sales commission expense Salaries expense Office rent.. Depreciation Insurance expense Office supplies expense Print $ $ $ $ $ 9,100 cases Done 1 2 5% of sales price 6,500 3,900 2,500 1,800 900 Actual expenses Packaging cost.. Shipping expense Sales commission expense. Salaries expense. Office rent $ 10,600 $ 19,500 12,760 $ $ 7,300 $ 3,900 Depreciation $ Insurance expense $ 2,500 1,600 1,600 Office supplies expense $ During the year, Main Street Muffins actually sold 9,500 cases, resulting in total sales revenue of $255,200. - X Requirement Construct a flexible budget performance report for Main Street Muffins for the year. Be sure to indicate whether each variance is favorable (F) or unfavorable (U). Print Done
Main Street Muffins sells its muffins to restaurants and coffee houses for an average selling price of $26 per case. The following information relates to the budget for Main Street Muffins for this year (all figures are annual totals unless otherwise noted): View the budget information View the actual expenses (in total) from this year. Read the requirement. (Enter the variances as positive numbers. Label each variance as favorable (F) or unfavorable (U), in the input field after the amount you enter. If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) Sales revenue ($26 per case) Main Street Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Actual 9,500 cases Flexible Budget Variance Flexible Budget 9,500 cases ***** Volume Variance Master Budget 9,100 cases
Transcribed Image Text:Main Street Muffins sells its muffins to restaurants and coffee houses for an average selling price of $26 per case. The following information relates to the budget for Main Street Muffins for this year (all figures are annual totals unless otherwise noted): View the budget information View the actual expenses (in total) from this year. Read the requirement. (Enter the variances as positive numbers. Label each variance as favorable (F) or unfavorable (U), in the input field after the amount you enter. If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) Sales revenue ($26 per case) Main Street Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Actual 9,500 cases Flexible Budget Variance Flexible Budget 9,500 cases ***** Volume Variance Master Budget 9,100 cases
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