Stenback Pro Company managers received the following incomplete performance report:
accounting teacherE23-16 Preparing a flexible budget performance report
E23-16 Stenback Pro Company managers received the following incomplete performance report:
STENBACK PRO COMPANY
Flexible Budget Performance Report
For the Year Ended July 31, 2014
Actual Flexible Budget Flexible Sales Static |
Results Variance Budget Volume |
Variance Budget |
Units 39,000 (a) 39,000 3,000 F (g) |
Sales Revenue $218,000 (b) $218,000 $27,000 F (h) |
Variable Expenses 84,000 (c) 81,000 10,000 U (i) |
Contribution Margin $134,000 (d) 137,000 17,000 F (j) |
Fixed Expenses 108,000 (e) 101,000 0 (k) |
Operating Income $ 26,000 (f) $36,000 17,000 F (l) |
Complete the performance report. Identify the employee group that may deserve praise and the group that may be subject to criticism. Give your reasoning.
11 years ago
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e23-16_stenback_pro.xls
