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Author Question: During April, Gordon Company had actual sales of $160,000 compared to budgeted sales of $190,000. ... (Read 176 times)

a0266361136

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During April, Gordon Company had actual sales of $160,000 compared to budgeted sales of $190,000. Actual cost of goods sold was $105,000, compared to a budget of $125,500. Monthly operating expenses, budgeted at $28,000, totaled $25,000. Interest revenue of $2,500 was earned during April but had not been included in the budget. The performance report for April would show a net income variance of
◦ ($9,000) Unfavorable
◦ ($4,000) Unfavorable
◦ ($10,000) Unfavorable
◦ $4,000 Favorable


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Marked as best answer by a0266361136 on Jan 5, 2020

LP

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a0266361136

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Reply 2 on: Jan 5, 2020
Great answer, keep it coming :)


robbielu01

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Reply 3 on: Yesterday
:D TYSM

 

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