Search here for Tutorials

If the Data is different in your question, please send your questions to homeworksolutionsnow@gmail.com. The questions will be answered at the same price.

Cole Pro Company managers received the following incomplete performance reports:

E23-16 preparing a flexible budget performance report
Cole Pro Company managers received the following incomplete performance reports:

Cole Pro Company
Flexible budget performance report
For the year ended July 31, 2016
Actual Flexible Flexible sales static
Results Budget Budget volume Budget
Variance. Variance
----------------------------------------------------------------------------
Units. 39,000. (a) 39000. 8000 F. (g)
-----------------------------------------------------------------------------
Sales
Revenue. $214,000. (b). $214000. $19000. F (h)

Variable
Expenses 86000. (c). 80000. 8000. U. (I)
___________________________________________________________
Contribution
Margin. 128000. (d). 134000. 11000 F. (j)

Fixed
Expenses. 10800. (e). 103000. 0. (k)
-------------------------------------------------------
Operating
Income. $20000. (f). $31000. $11000 F (l)
======================================
Complete the performance report. Identify their employee Group that may deserve praise and the group that may be subject to criticism. Give your reasoning.


TUTORIAL PREVIEW
Req. 1
Cole Pro Company
Income Statement Performance Report
Year Ended July 31, 2016


Actual Results at Actual Prices

Flexible Budget Variance
Flexible Budget for Actual Number of Output Units

Sales Volume Variance
Static (Master) Budget
Output units
   39,000
           0
    39,000
      8,000 F
    31,000



File name: E23-16 Cole Pro Company.doc   File type: docx PRICE: $5