Preparing a flexible budget performance report


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Q: Preparing a flexible budget performance report.

Preston Pro Company, Flexible budget performance report, For the year ended July 31, 2016

Units. 42,000, (a), 42,000. 4,000F (g)

Sales Revenue. $220,000, (b). $220,000.24,000 (h)

Variable Expenses $90,000. (c). 76,000.3,000 (i)

Contribution Margin. 130,000. (d). 144,000.21,000. (i)

Fixed Expenses. 106,000. (e). 105,000. 0. (k)

Operating Income. $24,000. (f). $39,000. $21,000. (i)

Complete the performance report. Identify their employee Group that may deserve praise and the group that may be subject to criticism. Give your reasoning.

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Accounting Basics: Preparing a flexible budget performance report
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