During July,Johnson Company had actual sales of $150,000 compared to budgeted sales of $162,000.Actual cost of goods sold was $105,500,compared to a budget of $108,300.Monthly operating expenses,budgeted at $22,400,totaled $20,000.Interest revenue of $2,000 was earned during July but had not been included in the budget.The performance report for July would show a net income variance of

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The Answer of During July,Johnson Company had actual sales of $150,000 compared to budgeted sales of $162,000.Actual cost of goods sold was $105,500,compared to a budget of $108,300.Monthly operating expenses,budgeted at $22,400,totaled $20,000.Interest revenue of $2,000 was earned during July but had not been included in the budget.The performance report for July would show a net income variance of

During July,Johnson Company Had Actual Sales of $150,000 Compared to Budgeted