S Campbell Company has provided the following Year 2 data. Budget Sales Variable product costs Variable selling expense Other variable expenses. Fixed product costs Fixed selling expense Other fixed expenses Interest expens Variances Sales Variable product costs Variable selling expense Other variable expenses Fixed product costs Fixed selling expense Other fixed expenses Interest expense CAMPBELL COMPANY Internal Income Statement for Year 2 Budget Required Prepare a budgeted and actual income statement for internal use. Sales Variable expenses: Product costs Selling expenses Other expenses Contribution margin $ 519,000 202,000 47,000 3,000 16,400 23,600 1,600 690 Fixed expenses: Product costs 7,800 Unfavorable 4,400 Favorable 2,100 Unfavorable 1,800 Unfavorable 300 Favorable 470 Favorable 110 Unfavorable 100 Favorable Actual

S Campbell Company has provided the following Year 2 data. Budget Sales Variable product costs Variable selling expense Other variable expenses. Fixed product costs Fixed selling expense Other fixed expenses Interest expens Variances Sales Variable product costs Variable selling expense Other variable expenses Fixed product costs Fixed selling expense Other fixed expenses Interest expense CAMPBELL COMPANY Internal Income Statement for Year 2 Budget Required Prepare a budgeted and actual income statement for internal use. Sales Variable expenses: Product costs Selling expenses Other expenses Contribution margin $ 519,000 202,000 47,000 3,000 16,400 23,600 1,600 690 Fixed expenses: Product costs 7,800 Unfavorable 4,400 Favorable 2,100 Unfavorable 1,800 Unfavorable 300 Favorable 470 Favorable 110 Unfavorable 100 Favorable Actual

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 6PA: Using the information from BDS Enterprises, prepare the income statement to include all costs, but...

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