# Match each form to the correct definition Terms a. Flexible budget b. Flexible budget variance c....

Match each form to the correct definition Terms a. Flexible budget b. Flexible budget variance c. Sales volume variance d Static budget e. Variance - Definitions 1. A summarized budget for several levels of volume that separates variable costs from foxed costs 2. A budget prepared for only one level of sales 3. The difference between an actual amount and the budgeted amount 4. The difference arising because the company actually earned more or less revenue, or incurred more or less cost than expected for the actual level of output 5. The difference arising only because the number of units actually sold differs from the static budget units
- X Complete the f ile budget variance analysis by filling in the blanks in the partial flexible budget performance report for 9,000 travel locks for Gianni, Inc Click the con lo vow the report) Data Table (For variances with a 50 value, make sure to enter in the appropriate colls) 1 0 Gianni, Inc Flexible Budget Performance Report (partial) For the Month Ended April 30, 2018 Actual Flexible Budget Results Variance 0.000 Sales Revenue 135.000 51,500 Variable Costs Contribution Margin 16,000 Food Costs 67.500 Operating Income Flexible Budget 9,000 117000 50 200 Gianni, Inc. Flexible Budget Performance Report (partial) For the Month Ended April 30, 2018 Actual Flexible Budget Results Variance Units 9,000 (a) Sales Revenue S 135,000 (b) (c) \$ Variable Costs 51.500 ( d e ) Contribution Margin 83,500 Fixed Costs 16,000 (h) Operating Income \$ 67.500 Flexible Budget 9000 117,000 50.200 65,800 14.500 83.500 66.800 14.500 52 300 59 300 Choose from any list or enter any number in the input fields and then continul A 1244 AM 1020 2019

 3 e 4 b 5 c 1 a 2 d
 Gianni, Inc. Flexible Budget Performance Report (partial) For the Month Ended April 30,2018 Actual Results Flexible Budget Variance Flexible Budget Units 9,000 0 9,000 Sales Revenue \$135,000 \$18,000 F \$117,000 Variable Costs \$51,500 \$1,300 U \$50,200 Contribution margin \$83,500 \$16,700 F \$66,800 Fixed costs \$16,000 \$1,500 U \$14,500 Operating income \$67,500 \$15,200 F \$52,300

If Actual Sales revenue, Contribution margin and Operating income is more than the budgeted then it is'Favorable(F)'. Otherwise 'Unfavorable(U)'.

If Actual Variable cost and fixed cost are more than the budgeted then it is 'Unfavorable(U)'. Otherwise 'Favorable(F)'.

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