Biker Billy is a motorcycle dealership. Management expected to sell 800 bikes at an average sale price of $20,000. Variable expenses were budgeted to be 85% of sales revenue, and the total fixed expense was budgeted to be $2,500,000. The actual results for the year showed 1,000 bikes sold at an average price of $16,000. The actual variable expenses percentage was 80% of sales revenue and the total fixed expenses were $2,750,000.
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 800 bikes at an average sale price of $20,000. Variable expenses were budgeted to be 85% of sales revenue, and the total fixed expense was budgeted to be $2,500,000. The actual results for the year showed 1,000 bikes sold at an average price of $16,000. The actual variable expenses percentage was 80% of sales revenue and the total fixed expenses were $2,750,000.
Management has asked you to prepare a performance report for the year.

Biker Billy Is a Motorcycle Dealership