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Flexible Budget Performance Report O Data For the Month Ended July 31, 2018 2 (1) - (3) (3) - (5) udget mounts Flexible Sales Actual Budget Flexible Volume Static For t er Unit Results Variance Budget Variance Budget Sales R Variable Contribe

Flexible Budget Performance Report O Data For the Month Ended July 31, 2018 2 (1) - (3) (3) - (5) udget mounts Flexible Sales Actual Budget Flexible Volume Static For t er Unit Results Variance Budget Variance Budget Sales R Variable Contribe

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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Chapter 23, Question 5. Please answer all the blanks in same format as question so it's easy to transfer

Cell One Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 6,000, 7,500, and 9,500 units. The static budget was based on expected sales of 7,500 units. The company sold 9,500 units during July. Its flexible budget and actual operating income was as follows: E (Click the icon to view the flexible budget.) E (Click the icon to view the income statement.) Read the requirements. Flexible Budget Pertormance Report Data Table For the Month Ended July 31, 2018 1 2 3 4. 5 (1) - (3) (3) - (5) Cell One Technologies Budget Flexible Sales Income Statement Amounts Actual Budget Flexible Volume Static For the Month Ended July 31, 2018 Per Unit Results Variance Budget Variance Budget Sales Revenue $ 206,500 Units 100,100 Variable Expenses Sales Revenue Contribution Margin 106,400 Variable Expenses Fixed Expenses 56,000 Contribution Margin $ 50,400 Operating Income Fixed Expenses Operating Income
Transcribed Image Text:Cell One Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 6,000, 7,500, and 9,500 units. The static budget was based on expected sales of 7,500 units. The company sold 9,500 units during July. Its flexible budget and actual operating income was as follows: E (Click the icon to view the flexible budget.) E (Click the icon to view the income statement.) Read the requirements. Flexible Budget Pertormance Report Data Table For the Month Ended July 31, 2018 1 2 3 4. 5 (1) - (3) (3) - (5) Cell One Technologies Budget Flexible Sales Income Statement Amounts Actual Budget Flexible Volume Static For the Month Ended July 31, 2018 Per Unit Results Variance Budget Variance Budget Sales Revenue $ 206,500 Units 100,100 Variable Expenses Sales Revenue Contribution Margin 106,400 Variable Expenses Fixed Expenses 56,000 Contribution Margin $ 50,400 Operating Income Fixed Expenses Operating Income
Cell One Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 6,000, 7,500, and 9,500 units. The static budget was based on expected sales of 7,500 units. The company sold 9,500 units during July. Its flexible budget and actual operating income was as follows: E (Click the icon to view the flexible budget.) E (Click the icon to view the income statement.) Data Table Read the requirements. Flexible Budget Pertormance Report For the Month Ended July 31, 2018 Cell One Technologies 1 2 3 4 Flexible Budget (1) - (3) (3) - (5) For the Month Ended July 31, 2018 Budget Flexible Sales Budget Amount Amounts Actual Budget Flexible Volume Static per Unit Per Unit Results Variance Budget Variance Budget Units 6,000 7,500 9,500 Units Sales Revenue $ 21 $ 126,000 $ 157,500 $ 199,500 Sales Revenue Variable Expenses 10 60,000 75,000 95,000 Variable Expenses Contribution Margin 66,000 82,500 104,500 Contribution Margin Fixed Expenses 55,000 55,000 55,000 Fixed Expenses $ 11,000 $ 27,500 $ 49,500 Operating Income Operating Income
Transcribed Image Text:Cell One Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 6,000, 7,500, and 9,500 units. The static budget was based on expected sales of 7,500 units. The company sold 9,500 units during July. Its flexible budget and actual operating income was as follows: E (Click the icon to view the flexible budget.) E (Click the icon to view the income statement.) Data Table Read the requirements. Flexible Budget Pertormance Report For the Month Ended July 31, 2018 Cell One Technologies 1 2 3 4 Flexible Budget (1) - (3) (3) - (5) For the Month Ended July 31, 2018 Budget Flexible Sales Budget Amount Amounts Actual Budget Flexible Volume Static per Unit Per Unit Results Variance Budget Variance Budget Units 6,000 7,500 9,500 Units Sales Revenue $ 21 $ 126,000 $ 157,500 $ 199,500 Sales Revenue Variable Expenses 10 60,000 75,000 95,000 Variable Expenses Contribution Margin 66,000 82,500 104,500 Contribution Margin Fixed Expenses 55,000 55,000 55,000 Fixed Expenses $ 11,000 $ 27,500 $ 49,500 Operating Income Operating Income
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