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
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter3: Cost Behavior
Section: Chapter Questions
Problem 38P: Friendly Bank is attempting to determine the cost behavior of its small business lending operations....
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Concept explainers
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Question
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Transcribed Image Text:Barlow Company manufactures book bags and has provided the following information for June 2018:
E (Click the icon to view the information.)
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
- X
1
Data Table
(1) - (3)
(3) - (5)
Budget
Flexible
Sales
Static Budget
11,000
Amounts
Actual
Budget
Flexible
Volume
Static
Actual Results
Units
10,000
Per Unit
Results
Variance
Budget
Variance
Budget
Sales Revenue
$
174,000 $
187,000
Units
91,400
99,000
Variable Expenses
Sales Revenue
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
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