Onyx Company prepared a static budget at the beginning of the month. At the end of the month, the company is analyzing actual results versus budget using flexible budget methodology. Data are as follows:
Using the format below, please prepare an income statement performance report:

Question

Onyx Company prepared a static budget at the beginning of the month. At the end of the month, the company is analyzing actual results versus budget using flexible budget methodology. Data are as follows:
   Using the format below, please prepare an income statement performance report:

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The Answer of Onyx Company prepared a static budget at the beginning of the month. At the end of the month, the company is analyzing actual results versus budget using flexible budget methodology. Data are as follows:
   Using the format below, please prepare an income statement performance report:

Onyx Company Prepared a Static Budget at the Beginning of the Month