Thomas Co.provides the following fixed budget data for the year:
Required:
Prepare a flexible budget performance report for the year using the contribution margin format.
Definitions:
Visual Accommodation
The ability of the eye to change its focus from distant to near objects (and vice versa) by changing the lens shape.
Fixation
Arrested development at a psychosexual stage occurring because of excessive gratification or frustration at that stage.
Divergence
The act of moving away in different direction from a common point; in creativity and thinking, it refers to the generation of multiple solutions to a given problem.
Convergence
The process by which eyes adjust their angle so that the visual axes meet at the point of focus, or in a broader sense, the tendency for ideas and phenomena to evolve towards a common point.
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