Coiffure Inc. owns a chain of hair stylist shops. Management expected to serve 20,000 customers at an average fee of $200. Variable expenses were budgeted to be 60% of sales revenue, and the total fixed expense was budgeted to be $150,000. The actual results for the year showed 30,000 customers were served at an average fee of $150. The actual variable expenses percentage was 65% of sales revenue and the total fixed expenses were $180,000.
Management has asked you to prepare a performance report for the year.

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The Answer of Coiffure Inc. owns a chain of hair stylist shops. Management expected to serve 20,000 customers at an average fee of $200. Variable expenses were budgeted to be 60% of sales revenue, and the total fixed expense was budgeted to be $150,000. The actual results for the year showed 30,000 customers were served at an average fee of $150. The actual variable expenses percentage was 65% of sales revenue and the total fixed expenses were $180,000.
Management has asked you to prepare a performance report for the year.