Using the following information,prepare a single report setting forth the variable costing income statement as well as a performance report for Profit Center West.
Budgeted sales Budgeted sales variance Actual variable cost of goods sold Actual variable cost of goods sold variance Budgeted variable selling expenses Actual variable selling expenses Budgeted fixed manufacturing costs Budgeted fixed manufacturing costs variance Budgeted fixed selling expenses Budgeted fixed selling expenses varianceActual number of orders processedActual number of orders processed Budgeted average daily sales Budgeted average daily sales variance Actual number of units sold Actual number of units sold variance $20,000$5,000$8,000$10,000$5,000$3,000$1,000$50$2,000$10010010$500$20045025(F)(F)(F)(F)(U) (F) (F)
Definitions:
Resources
The assets, materials, and inputs used to produce goods and services, including natural resources, human talent, and capital.
Fascism
A political ideology characterized by authoritarian power, dictatorial leadership, and the suppression of democratic institutions and societal opposition.
Means of Production
The physical, non-human inputs used for the production of economic value, such as factories, tools, and raw materials.
Standard of Living
measures the wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a geographic area.