Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $170.470 budgeted expenses include $120,080 in variable expenses for desks and $15.390 in variable expenses for chairs, as well as $35,000 of fixed expenses. Actual fixed expenses total $36,500 Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income Actual Fixed Budget Results 152 57 158 65 $ 194,560 31,920 170,470 $ 56,010 $ 58,875 $ 200,660 37,375 179,160 Variances $ 6,100 F 5,455 F 8,690 U $ 2,865 Required: Prepare a flexible budget performance report that shows variances between budgeted results and actual results, (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) BUSINESS DEUTIONE

Subject:

1

Business Solutions's second-quarter 2020 fixed budget performance report for its computer furniture operations follows. The $159,370 budgeted expenses include $106,650 in variable expenses for desks and $18,720 in variable expenses for chairs, as well as $34,000 fixed expenses. The actual expenses include $35,400 fixed expenses. List fixed and variable expenses separately. Desk sales (in units) Chair sales (in units) Desk sales. Chair sales Total expenses Income from operations Desk sales Chair sales Variable expenses Contribution margin Fixed Budget Actual Results Variances 135 72 $170, 100 42,480 159,370 $ 53,210 Fixed expenses income from operations 141 80 $176,250 48,400 168,050 $ 56,600 Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. $6,150 F 5,920 F 8,680 U $3,390 F BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Variance Fav/Unt. Unfavorable Favorable…

Gadubhai

Sheffield Company combines its operating expenses for budget purposes in a selling and administrative expenses budget. For the first six months of 2022, the following data are available: 1. 2 3. 4 Sales: 19,800 units in quarter 1: 21.300 units in quarter 2 D Variable costs per dollar of sales: sales commissions 5%; delivery expense 2%; and advertising 4% Fixed costs per quarter: sales salaries $10,700; office salaries $8,300: depreciation $4,300; insurance $1,300: utilities $800; and repairs expense $600 Unit selling price: $19 Prepare a selling and administrative expenses budget by quarters for the first six months of 2022 SHEFFIELD COMPANY Selling and Administrative Expenses Budget For the Six Months Ending June 30, 2022 2 Total

The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses   Fixed Expenses Sales commissions   $11,180   Sales salaries   $35,500 Advertising   10,530   Depreciation   7,400 Travel   6,920   Insurance   1,100 Delivery   3,580   (b) Prepare a flexible budget performance report, assuming that March sales were $180,500. (List variable costs before fixed costs.) FALLON COMPANYSelling Expense Flexible Budget ReportFor the Month Ended March 31, 2020             Difference     Budget   Actual   FavorableUnfavorableNeither Favorablenor Unfavorable Select an opening flexible budget report item                                                           AdvertisingDepreciationDeliveryFixed ExpensesInsuranceSalesSales CommissionsSales SalariesTotal ExpensesTotal Fixed ExpensesTotal Variable ExpensesTravelVariable Expenses   $Enter a dollar amount    $Enter a dollar amount      Select an opening name for…

The actual selling expenses incurred in March 2022 by Wildhorse Company are as follows. Fixed Expenses Sales salaries $35,300 Depreciation 7,000 Insurance 1,800 Variable Expenses Sales commissions $12,741 Advertising 10,258 6,772 3,446 Travel Delivery (a) Prepare a flexible budget performance report for March, assuming that March sales were $169,300. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 6%, traveling 4%, and delivery 2%, Fixed selling expenses will consist of sales salaries $35,300, Depreciation on delivery equipment $7,000, and insurance on delivery equipment $1,800, (List variable costs before fixed costs) preto, a delivery du hent 57000 and nuance on de (b) Prepare a flexible budget performance report, assuming that March sales were $176,800 (Lit variable costs before foxed cosE Budget WILDHORSE COMPANY Selling Expense Flexible Budget Report For the Month Ended March 31, 2022 Actual Difference Favorable Unfavorabl Neither…

The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses   Fixed Expenses Sales commissions   $10,994   Sales salaries   $35,400 Advertising   10,304   Depreciation   7,100 Travel   8,470   Insurance   1,300 Delivery   3,498         (a) Prepare a flexible budget performance report for March, assuming that March sales were $169,400. Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 6%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,400, Depreciation on delivery equipment $7,100, and insurance on delivery equipment $1,300. (List variable costs before fixed costs.) (b)Prepare a flexible budget performance report, assuming that March sales were $176,700. (List variable costs before fixed costs.)

The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses   Fixed Expenses Sales commissions   $14,228   Sales salaries   $35,000 Advertising   10,086   Depreciation   7,200 Travel   8,355   Insurance   1,900 Delivery   3,422         (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,100. Variable costs and their percentage relationship to sales are sales commissions 8%, advertising 6%, traveling 5%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,000, Depreciation on delivery equipment $7,200, and insurance on delivery equipment $1,900. (List variable costs before fixed costs.)