Oriole's, Inc. has provided you with the following financial information: Sales Quantity Sales price per unit Variable product cost per unit Selling expense (fixed) Administrative expense (fixed) Income tax expense Budgeted 1,550 $105 32 33,300 45,500 9,400 Prepare a performance report for the period. Actual 1,350 $104 30.75 26,500 44,500 6,500
Oriole's, Inc. has provided you with the following financial information: Sales Quantity Sales price per unit Variable product cost per unit Selling expense (fixed) Administrative expense (fixed) Income tax expense Budgeted 1,550 $105 32 33,300 45,500 9,400 Prepare a performance report for the period. Actual 1,350 $104 30.75 26,500 44,500 6,500
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 87PSB
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![Oriole's, Inc. has provided you with the following financial information:
Sales Quantity
Sales price per unit
Variable product cost per unit
Selling expense (fixed)
Administrative expense (fixed)
Income tax expense
Budgeted
1,550
$105
32
45,500
9,400
Prepare a performance report for the period.
Actual
33,300 26,500
44,500
6,500
Actual
1,350
$104
30.75
ORIOLE'S, INC.
Performance Report
Static Budget
Variance
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4b4890dc-b7f0-4fe5-a09e-162f7feaee87%2Fa8f9c0a0-e220-44b6-8010-4271c55bf1d2%2Fg8t9t2v_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Oriole's, Inc. has provided you with the following financial information:
Sales Quantity
Sales price per unit
Variable product cost per unit
Selling expense (fixed)
Administrative expense (fixed)
Income tax expense
Budgeted
1,550
$105
32
45,500
9,400
Prepare a performance report for the period.
Actual
33,300 26,500
44,500
6,500
Actual
1,350
$104
30.75
ORIOLE'S, INC.
Performance Report
Static Budget
Variance
$
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