Daytec Company”s fixed budget performance report for June follows. The $440,000 budgeted…


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Daytec Company”s fixed budget performance report for June follows. The $440,000 budgeted… 1 answer below » Daytec Company’s fixed budget performance report for June follows. The $440,000 budgeted expenses include $300,000 variable expenses and $140,000 fixed expenses. Actual expenses include $130,000 fixed expenses. Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately. View complete question » Fixed Budget Actual Results Variances Sales (in units) 6,000 4,800 Sales (in Daytec Company’s fixed budget performance report for June follows. The $440,000 budgeted expenses include $300,000 variable expenses and $140,000 fixed expenses. Actual expenses include $130,000 fixed expenses. Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately. Fixed Budget Actual Results Variances Sales (in units) 6,000 4,800 Sales (in dollars) $480,000 $422,400 $57,600 U Total expenses 440,000 394,000 46,000 F Income from operations $ 40,000 $ 28,400 $11,600 U View less » Jul 24 2014 07:50 AM

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