Budgeted and actual income statement data for XRC Corp., which sells clerical clothing and supplies, appear below:
| Budgeted | Actual | ||
| Revenue | $ 85,000 | $ 80,750 | |
| Variable manufacturing costs | 13,000 | 12,500 | |
| Fixed manufacturing costs | 5,000 | 5,200 | |
| Variable selling expenses | 22,000 | 19,000 | |
| Fixed selling expenses | 3,000 | 3,100 | |
| Administrative expenses | 7,000 | 7,000 | |
| Operating income | $ 35,000 | $ 33,950 | |
The difference between the actual and budgeted amounts of revenue was created by differences between expected and actual unit sales.
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