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Author Question: Tuff Stuff Company's managers received the following incomplete performance report:TUFF STUFF ... (Read 93 times)

DelorasTo

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Tuff Stuff Company's managers received the following incomplete performance report:

TUFF STUFF COMPANY
Income Statement Performance Report
Year Ended January 31
Actual Results at Actual pricesFlexible Budget VarianceFlexible Budget for Actual Number of Output UnitsSales Volume VarianceStatic (Master) Budget
Output units18,00018,0002,000F
Sales revenue$108,000$108,000$12,000F
Variable expenses42,00040,5004,500U
Fixed expenses53,00050,000--- 0 ---  
Total expenses95,00090,5004,500U
Operating income$13,000$17,500$7,500F

Find the missing data by completing the performance report. Identify the employee group that may deserve praise and the group that may be subject to criticism. Give your reasons.


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Marked as best answer by DelorasTo on Jan 5, 2020

tmlewis4706

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DelorasTo

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


cici

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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