Country Cookin’ Inc. begins the budgeting process for the following year in the 1st quarter of the current year. Download this Excel spreadsheetand use the information it contains to:
- Prepare a flexible budget for sales levels of 26,000, 28,000, and 30,000 smokers.
- Prepare a performance report based on the actual results, flexible budget, and master budget. Prepare a flexible budget and performance report.
- Evaluate the first quarter performance of Country Cookin’.