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Author Question: The Flashlight Company projected yearly sales of 12,000 units at $15.00 per unit. Actual sales for ... (Read 126 times)

cmoore54

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The Flashlight Company projected yearly sales of 12,000 units at $15.00 per unit. Actual sales for the year were 15,000 units at $16.00 per unit. Variable expenses, budgeted at $10.00 per unit, actually amounted to $15.00 per unit. Fixed expenses, budgeted at $50,000, actually totaled $48,000.

Prepare the Flashlight Company's income statement performance report for the year ended December 31, including both flexible budget variances and sales volume variances.


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Marked as best answer by cmoore54 on Jan 5, 2020

matt

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cmoore54

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Reply 2 on: Jan 5, 2020
Thanks for the timely response, appreciate it


brbarasa

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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