Flexible Budget

Profit Budget Plan Quantity Variance (BP x AQ/BQ) Price Variance Actual Plan Flexible Budget Variance Sales Volume Variance
Revenue:
Consignment Php 5,564,033.00 Php 742,602.34 Php 6,306,635.34 Php (1,174,092.34) Php 5,132,543.00 Php (1,174,092.34) Php 742,602.34
Inventory Php 46,806.00 Php (19,961.38) Php 26,844.62 Php 16,329.38 Php 43,174.00 Php 16,329.38 Php (19,961.38)
Shipping Php 589,530.00 Php 96,032.68 Php 685,562.68 Php (141,775.68) Php 543,787.00 Php (141,775.68) Php 96,032.68
Handling Php 17,559.00 Php (3,706.32) Php 13,852.68 Php 2,343.32 Php 16,196.00 Php 2,343.32 Php (3,706.32)
Service Php 129,384.00 Php - Php 129,384.00 Php (10,039.00) Php 119,345.00 Php (10,039.00) Php -
Total Revenues Php 6,347,312.00 Php 814,967.32 Php 7,162,279.32 Php (1,307,234.32) Php 5,855,045.00 Php (1,307,234.32) Php 814,967.32

Variable Costs:
Consignment Php 3,727,921.03 Php 497,546.10 Php 4,225,467.13 Php (786,805.13) Php 3,438,662.00 Php (786,805.13) Php 497,546.10
Inventory Php 8,968.73 Php (3,824.90) Php 5,143.83 Php 3,128.17 Php 8,272.00 Php 3,128.17 Php (3,824.90)
Shipping Php 503,275.57 Php 81,982.09 Php 585,257.66 Php (121,032.66) Php 464,225.00 Php (121,032.66) Php 81,982.09
Handling Php 11,997.76 Php (2,532.46) Php 9,465.30 Php 1,601.70 Php 11,067.00 Php 1,601.70 Php (2,532.46)
Service Php 25,771.25 Php - Php 25,771.25 Php (1,999.25) Php 23,772.00 Php (1,999.25) Php -
Total Variable Costs Php 4,277,934.34 Php 573,170.82 Php 4,851,105.16 Php (905,107.16) Php 3,945,998.00 Php (905,107.16) Php 573,170.82

Contribution Margin:
Consignment Php 1,836,111.97 Php 245,056.25 Php 2,081,168.22 Php (387,287.22) Php 1,693,881.00 Php (387,287.22) Php 245,056.25
Inventory Php 37,837.27 Php (16,136.48) Php 21,700.79 Php 13,201.21 Php 34,902.00 Php 13,201.21 Php (16,136.48)
Shipping Php 86,254.43 Php 14,050.59 Php 100,305.02 Php (20,743.02) Php 79,562.00 Php (20,743.02) Php 14,050.59
Handling Php 5,561.24 Php (1,173.85) Php 4,387.39 Php 741.61 Php 5,129.00 Php 741.61 Php (1,173.85)
Service Php 103,612.75 Php - Php 103,612.75 Php (8,039.75) Php 95,573.00 Php (8,039.75) Php -
Total Contribution Margin Php 2,069,377.66 Php 241,796.50 Php 2,311,174.16 Php (402,127.16) Php 1,909,047.00 Php (402,127.16) Php 241,796.50

Fixed Expenses:
Payroll expenses Php 240,000.00 Php 240,000.00 Php 256,320.00 16,320.00 -
Rent & Facility Php 79,500.00 Php 79,500.00 Php 67,495.00 (12,005.00) -
Travel & Entertainment Php 35,000.00 Php 35,000.00 Php 32,428.00 (2,572.00) -
Professional fees Php 20,000.00 Php 20,000.00 Php 16,500.00 (3,500.00) -
Property taxes Php 5,000.00 Php 5,000.00 Php 4,441.00 (559.00) -
Advertising Php 5,000.00 Php 5,000.00 Php 5,200.00 200.00 -
Insurance Php 3,000.00 Php 3,000.00 Php 3,054.00 54.00 -
Other Fixed expenses Php - Php - Php 996.00 996.00 -
Total Fixed Costs Php 387,500.00 Php 387,500.00 Php 386,434.00 (1,066.00) -

Operating Income Php 1,681,877.66 Php 1,923,674.16 Php 1,522,613.00 Php (401,061.16) Php 241,796.50

Sales Units 2012 Actual Budget Actual/Budget Flexible Budget Variance Php (402,127.16) Selling Price Php 1,307,234.32
Consignment Php 6,151.88 Php 5,427.50 1.133464763 Sales Volume Variance Php 241,796.50 Cost Variance Php 905,107.16
Inventory Php 146.25 Php 255.00 0.573529412 Net Variance (160,330.66)
Shipping Php 6,041.25 Php 5,195.00 1.162897016
Handling Php 1,976.25 Php 2,505.00 0.788922156 Sales Mix Variance Php 573,170.82 Market Share Variance
Service Php 112.50 Php 112.50 1 Sales Quantity Variance Php 814,967.32 Market Size Variance
Total Php 14,428.13 Php 13,495.00 1.069146351