Required information [The following information applies to the questions displayed below.] The fixed budget for 20,600 units of production shows sales of $473,800; variable costs of $61,800; and fixed costs of $141,000. The company's actual sales were 26,700 units at $566,100. Actual variable costs were $113,500 and actual fixed costs were $138,000. 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 Variances Favorable/ Unfavorable
Required information [The following information applies to the questions displayed below.] The fixed budget for 20,600 units of production shows sales of $473,800; variable costs of $61,800; and fixed costs of $141,000. The company's actual sales were 26,700 units at $566,100. Actual variable costs were $113,500 and actual fixed costs were $138,000. 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 Variances Favorable/ Unfavorable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please do not give solution in image format thanku
![Required information
[The following information applies to the questions displayed below.]
The fixed budget for 20,600 units of production shows sales of $473,800; variable costs of $61,800; and fixed costs of
$141,000.
The company's actual sales were 26,700 units at $566,100. Actual variable costs were $113,500 and actual fixed costs were $138,000.
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
Variances
Favorable/
Unfavorable](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa880cc3d-71b2-44bc-9eb8-ccb18aa2c0ed%2F55a3d659-2b98-4268-9071-06938324cd8b%2Fitb2bj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
The fixed budget for 20,600 units of production shows sales of $473,800; variable costs of $61,800; and fixed costs of
$141,000.
The company's actual sales were 26,700 units at $566,100. Actual variable costs were $113,500 and actual fixed costs were $138,000.
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
Variances
Favorable/
Unfavorable
![!
Required information
[The following information applies to the questions displayed below.]
The fixed budget for 20,600 units of production shows sales of $473,800; variable costs of $61,800; and fixed costs of
$141,000.
If the company actually produces and sells 26,700 units, calculate the flexible budget income.
Contribution margin
-Flexible Budget-
Variable Amount
per Unit
$
0
Total Fixed
Cost
------Flexible Budget at ------
20,600 units
$
$
26,700 units
0 $
0 $
0
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa880cc3d-71b2-44bc-9eb8-ccb18aa2c0ed%2F55a3d659-2b98-4268-9071-06938324cd8b%2F3peqy8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:!
Required information
[The following information applies to the questions displayed below.]
The fixed budget for 20,600 units of production shows sales of $473,800; variable costs of $61,800; and fixed costs of
$141,000.
If the company actually produces and sells 26,700 units, calculate the flexible budget income.
Contribution margin
-Flexible Budget-
Variable Amount
per Unit
$
0
Total Fixed
Cost
------Flexible Budget at ------
20,600 units
$
$
26,700 units
0 $
0 $
0
0
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