on shows sales of $451,000; variables THONG
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Required information
[The following information applies to the questions displayed below.]
The fixed budget for 20,500 units of production shows sales of $451,000: variable costs of $61,500; and fixed costs of
$143,000.
The company's actual sales were 26,200 units at $536,400. Actual variable costs were $113,700 and actual fixed costs were $134,000.
Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each
variance by selecting favorable, unfavorable, or no variance.)
Contribution margin
Flexible Budget Performance Report
Flexible Budget Actual Results
S
0
0 $
0
Variances
Favorable/
Unfavorable](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F567e3a3e-d0fb-49e0-903a-334d72aa92be%2F1b70485f-bd4b-4065-baff-072c9b82d601%2F4v3r0po_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
The fixed budget for 20,500 units of production shows sales of $451,000: variable costs of $61,500; and fixed costs of
$143,000.
The company's actual sales were 26,200 units at $536,400. Actual variable costs were $113,700 and actual fixed costs were $134,000.
Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each
variance by selecting favorable, unfavorable, or no variance.)
Contribution margin
Flexible Budget Performance Report
Flexible Budget Actual Results
S
0
0 $
0
Variances
Favorable/
Unfavorable
![ces
Required information
[The following information applies to the questions displayed below.]
The fixed budget for 20,500 units of production shows sales of $451,000; variable costs of $61,500; and fixed costs of
$143,000.
If the company actually produces and sells 26,200 units, calculate the flexible budget income.
Sales
Variable costs
Contribution margin
Fixed costs
Income
Flexible Budget-
Variable Amount
per Unit
$
0
Total Fixed
Cost
20,500 units
$
-Flexible Budget at ------
26,200 units -
$
0
S
0 $
0
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F567e3a3e-d0fb-49e0-903a-334d72aa92be%2F1b70485f-bd4b-4065-baff-072c9b82d601%2Fbsr6a9w_processed.jpeg&w=3840&q=75)
Transcribed Image Text:ces
Required information
[The following information applies to the questions displayed below.]
The fixed budget for 20,500 units of production shows sales of $451,000; variable costs of $61,500; and fixed costs of
$143,000.
If the company actually produces and sells 26,200 units, calculate the flexible budget income.
Sales
Variable costs
Contribution margin
Fixed costs
Income
Flexible Budget-
Variable Amount
per Unit
$
0
Total Fixed
Cost
20,500 units
$
-Flexible Budget at ------
26,200 units -
$
0
S
0 $
0
0
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