Prepare a summary performance report identifying its flexible budget and sales activity variances. Fill in blanks with data below and then use formulas to calculate the empty spaces.
–Static Budget data- sales, 3500 clients at $350 each, variable cosys, $300 per client, fixed costs 150,000
— Actual results at actual prices: sales 3000 clients at #360 per client, variable costs, 920,000; fixed costs 159,500
Actual Results at Actual Activity
Flexible Budget at Actual Activity