FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Data table
Gavin, Inc.
Flexible Budget Performance Report (partial)
For the Month Ended April 30, 2024
Flexible Budget
Variance
Units
Sales Revenue
Variable Costs
Contribution Margin
Fixed Costs
Operating Income
Actual
Results
4,000
72,000
51,500
20,500
15,500
5,000
(a)
(b)
(d)
(1)
(h)
()
(C) $
UO
(e)
(g)
(1)
(k) $
Flexible
Budget
4,000
64,000
49,900
14,100
14,600
(500)
4,000
expand button
Transcribed Image Text:Data table Gavin, Inc. Flexible Budget Performance Report (partial) For the Month Ended April 30, 2024 Flexible Budget Variance Units Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income Actual Results 4,000 72,000 51,500 20,500 15,500 5,000 (a) (b) (d) (1) (h) () (C) $ UO (e) (g) (1) (k) $ Flexible Budget 4,000 64,000 49,900 14,100 14,600 (500) 4,000
K
Complete the flexible budget variance analysis by filling in the blanks in the partial flexible budget performance report for 4,000 travel locks for Gavin, Inc.
(Click the icon to view the report.)
(For variances with a $0 value, make sure to enter "0" in the appropriate cells.)
Gavin, Inc.
Flexible Budget Performance Report (partial)
For the Month Ended April 30, 2024
Units
Sales Revenue
Variable Costs
Contribution Margin
Fixed Costs
Operating Income
$
Actual
Results
4,000
72,000
51,500
20,500
15,500
5,000
Flexible Budget
Variance
$
Flexible
Budget
4,000
64,000
49,900
14,100
14,000
(500)
expand button
Transcribed Image Text:K Complete the flexible budget variance analysis by filling in the blanks in the partial flexible budget performance report for 4,000 travel locks for Gavin, Inc. (Click the icon to view the report.) (For variances with a $0 value, make sure to enter "0" in the appropriate cells.) Gavin, Inc. Flexible Budget Performance Report (partial) For the Month Ended April 30, 2024 Units Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income $ Actual Results 4,000 72,000 51,500 20,500 15,500 5,000 Flexible Budget Variance $ Flexible Budget 4,000 64,000 49,900 14,100 14,000 (500)
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