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    yazeedbakri's Avatar
    yazeedbakri Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Aug 13, 2010, 03:06 PM
    During July, Neptune Company had actual sales of $144,000 compared to budgeted sales
    During July, Neptune Company had actual sales of $144,000 compared to budgeted sales of 3)
    $156,000. Actual cost of goods sold was $108,000, compared to a budget of $109,200. Monthly
    Operating expenses, budgeted at $22,400, totaled $20,000. Interest revenue of $2,000 was earned
    During July but had not been included in the budget. The performance report for July would show
    A net income variance of what amount?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Aug 13, 2010, 07:39 PM

    Please see our guidelines for posting homework problems:
    https://www.askmehelpdesk.com/financ...-b-u-font.html
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