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Please complete the attach. Thank you MAJOR COM...

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Please complete the attach. Thank you MAJOR COMPANY Statement of Income from Operatiions For Year Ended December 31, 2009 Sales(18,000).................................$3,948.000 Cost of goods sold Direct materials...................$1,160,000 Direct labor....................... 293,000 Machinery repairs(variable cost)... 63,000 Depreciation-plant equipment....... 300,000 Utilities(fixed cost is $147,500).. 215,500 Plant management salaries.......... 220,000 _______ 2,251,500 ______ Gross profit............................. 1,969,500 Selling expenses Packaging......................... 87,500 Shipping.......................... 118,500 Sales salary(annual).............. 253,000 459,000 ________ General and administrative expenses Advertising expense.................107,000 Salaries............................241,000 Entertainment expense............... 88,500 436,500 _______ ________ Income from operations............. $801,000 ________ ___________________________________________________ Requird 1. Prepare a flexible budget performance report for 2009. Analysis component 2. Analyze and interpret both the (a) sales variance and (b) direct material variance ___

 

Paper#2393 | Written in 18-Jul-2015

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