Biker Billy is a motorcycle dealership. Management expected to sell 1,000 bikes at an average sale price of $30,000. Variable expenses were budgeted to be 80% of sales revenue, and the total fixed expense was budgeted to be $2,500,000. The actual results for the year showed 800 bikes sold at an average price of $32,000. The actual variable expenses percentage was 75% of sales revenue and the total fixed expenses were $2,500,000.
Management has asked you to prepare a performance report for the year.

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The Answer of Biker Billy is a motorcycle dealership. Management expected to sell 1,000 bikes at an average sale price of $30,000. Variable expenses were budgeted to be 80% of sales revenue, and the total fixed expense was budgeted to be $2,500,000. The actual results for the year showed 800 bikes sold at an average price of $32,000. The actual variable expenses percentage was 75% of sales revenue and the total fixed expenses were $2,500,000.
Management has asked you to prepare a performance report for the year.

Biker Billy Is a Motorcycle Dealership