Exercise 21-4 (Algo) Preparing flexible budget performance report LO P1 Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $89 per unit and variable costs of $34 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report For Month Ended June 30 Sales Variable costs Contribution margin Fixed costs Income Flexible Budget (12,600 units) Actual Results (12,600 units) Variances Favorable/Unfavorable $ 28,600 Favorable 369,000 693,000 288,000 303,000
Exercise 21-4 (Algo) Preparing flexible budget performance report LO P1 Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $89 per unit and variable costs of $34 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report For Month Ended June 30 Sales Variable costs Contribution margin Fixed costs Income Flexible Budget (12,600 units) Actual Results (12,600 units) Variances Favorable/Unfavorable $ 28,600 Favorable 369,000 693,000 288,000 303,000
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter7: The Master Budget And Flexible Budgeting
Section: Chapter Questions
Problem 7P: Preparing a performance report Use the flexible budget prepared in P7-6 for the 31,000-unit level...
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![Exercise 21-4 (Algo) Preparing flexible budget performance report LO P1
Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable.
The company budgets a selling price of $89 per unit and variable costs of $34 per unit. (Indicate the effect of each variance by
selecting favorable, unfavorable, or no variance.)
Flexible Budget Performance Report
For Month Ended June 30
Sales
Flexible Budget
(12,600 units)
Variable costs
Contribution margin
Fixed costs
Income
Actual Results
(12,600 units)
Variances
Favorable/Unfavorable
$
28,600 Favorable
369,000
693,000
288,000
303,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0aab9399-c635-4764-b174-d30bbfc172db%2F9b317af7-91bf-4596-9326-96039f6bdfa5%2Fhbs9lhs_processed.png&w=3840&q=75)
Transcribed Image Text:Exercise 21-4 (Algo) Preparing flexible budget performance report LO P1
Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable.
The company budgets a selling price of $89 per unit and variable costs of $34 per unit. (Indicate the effect of each variance by
selecting favorable, unfavorable, or no variance.)
Flexible Budget Performance Report
For Month Ended June 30
Sales
Flexible Budget
(12,600 units)
Variable costs
Contribution margin
Fixed costs
Income
Actual Results
(12,600 units)
Variances
Favorable/Unfavorable
$
28,600 Favorable
369,000
693,000
288,000
303,000
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