FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Complete the flexible budget variance analysis by filling in the blanks in the partial flexible budget performance report for 10,000 travel locks for Gordon, Inc.
(Click the icon to view the report.)
(For variances with a $0 value, make sure to enter "0" in the appropriate cells.)
Gordon, Inc.
Flexible Budget Performance Report (partial)
For the Month Ended April 30, 2024
Actual
Results
Units
Sales Revenue
Variable Costs
Contribution Margin
Fixed Costs
Operating Income
10,000
170,000
51,700
118,300
15,700
102,600
Flexible Budget
Variance
$
Flexible
Budget
10,000
150,000
49,800
100,200
15,300
84,900
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Transcribed Image Text:Complete the flexible budget variance analysis by filling in the blanks in the partial flexible budget performance report for 10,000 travel locks for Gordon, Inc. (Click the icon to view the report.) (For variances with a $0 value, make sure to enter "0" in the appropriate cells.) Gordon, Inc. Flexible Budget Performance Report (partial) For the Month Ended April 30, 2024 Actual Results Units Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income 10,000 170,000 51,700 118,300 15,700 102,600 Flexible Budget Variance $ Flexible Budget 10,000 150,000 49,800 100,200 15,300 84,900
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