Accounting II week 7 assignment performance report

Accounting II week 7 assignment performance report -...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Movies Galore Income Statement – Performance Report Month ending July 31, 2010 Actual results At Actual Prices Flexible Budget Variance Flexible Budget for Actual # of Output Units Sales Volume Variance Static Budget Output Units 82,000 0 82,000 16,000 (U) 98,000 Sales Revenue $1,640,000 0 1,640,000 320,000 (U) $1,960,000 Variable Costs Costs of Goods Sold 775,000 45,000 (F) 820,000 160,000 (F) 980,000 Sales Commissions 77,000 13,200 (F) 90,200 17600 (F) 107,800
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Shipping Costs 43,000 2,100 (F) 45,100 8,800 (F) 53,900 Fixed Costs Salary Cost 311,000 10,500 (U) 300,500 300,500 Depreciation Cost 209,000 5,000 (F) 214,000 214,000 Rent Cost 129,000 20,750 (U) 108,250 108,250 Advertising Cost 81,000 12,500 (U) 68,500 68,500 Total Costs 1,625,000 21,550 (F) 1,646,550 186,400 (F) 1,832,950 Operating Income 15,000 21,550 (F)-6,550 133,600 (U) 127,050...
View Full Document

Ask a homework question - tutors are online