Using the Following Information,prepare a Single Report Setting Forth the Variable

Essay

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.
$\begin{array}{lr}\text { Budgeted sales } & \$ 20,000 \\\text { Budgeted sales variance } & \$ 5,000 &(F)\\\text { Actual variable cost of goods sold } & \$ 8,000\\\text { Actual variable cost of goods sold variance } & \$ 10,000 & (F) \\\text { Budgeted variable selling expenses } & \$ 5,000 \\\text { Actual variable selling expenses } & \$ 3,000\\\text { Budgeted fixed manufacturing costs } & \$ 1,000 \\\text { Budgeted fixed manufacturing costs variance } & \$ 50&(F) \\\text { Budgeted fixed selling expenses } & \$ 2,000\\\text {Budgeted fixed selling expenses variance}&\$100&(F)\\\text {Actual number of orders processed}&100\\\text {Actual number of orders processed }&10&(U)\\\text { Budgeted average daily sales } & \$ 500 \\\text { Budgeted average daily sales variance } & \$ 200 &\text { (F) } \\\text { Actual number of units sold } & 450 \\\text { Actual number of units sold variance } & 25 &\text { (F) }\end{array}$