Week 4 Apply: Signature Assignment: Flexible Budget Christa Sullivan
Master Budget vs Flexible BudgetMaster BudgetFlexible BudgetVolume VarianceF/U Allocated Funds$25,290.00$25,290.00 Expenses: Variable Expenses Meals$20,300.00$23,490.00($3,190.00)U Postage$1,470.00$1,960.00($490.00)U Fixed Expenses$0.00 Facility$1,000.00$1,500.00($500.00)U Printing$950.00$950.00$0.00 Decorations$840.00$840.00$0.00 Speaker's Gift$130.00$130.00$0.00 Publicity$600.00$600.00$0.00 Total Expenses$25,290.00$29,470.00($4,180.00)U Budget Surplus (Deficit)$0.00($4,180.00)$4,180.00U
Sales Volume and Variable Cost Volume Variances Between Master and Flexible BudgetsSales Volume Variance: None Variable CostVolumeVariance(Meals):$3,190.00UnfavorableVariable Cost Volume Variance (Postage): $490.00 Unfavorable
Flexible Budget vs Actual ResultsFlexible BudgetActual ResultsVolume VarianceF/U Allocated Funds$25,290.00$25,290.00 Expenses: Variable Expenses Meals$23,490.00$25,110.00($1,620.00)U Postage$1,960.00$1,960.00$0.00 Fixed Expenses$0.00 Facility$1,500.00$1,500.00$0.00 Printing$950.00$950.00$0.00 Decorations$840.00$840.00$0.00 Speaker's Gift$130.00$130.00$0.00 Publicity$600.00$600.00$0.00 Total Expenses$29,470.00$31,090.00($1,620.00)U Budget Surplus (Deficit)($4,180.00)($5,800.00)$1,620.00U
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