Accounting II week 7 assignment

# Accounting II week 7 assignment - 81,000 12,500 (U) 68,500...

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MOVIES GALORE Income Statement Performance Report Month Ended July 31, 2010 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 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 0 300,500 Depreciation Cost 209,000 5,000 (F) 214,000 0 214,000 Rent Cost 129,000 20,750 (U) 108,250 0 108,250 Advertising Cost
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Unformatted text preview: 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 Flexible Budget Variance = 15,000 - (-6550) = 21,550 (F) Sales Volume Variance = (-6550) - 127050 = 133,600 (U) Actual results at Actual Prices Flexible Budget Variance Flexible Budget for Actual # of Output Units Sales Volume Variance Static (Master) Budget...
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## This note was uploaded on 07/18/2011 for the course ACCT 101 taught by Professor Thompson during the Spring '11 term at Broome Community College.

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