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