! Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 20,400 units of production shows sales of $469,200; variable costs of $61,200; and fixed costs of $144,000. QS 23-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 26,100 units at $555,300. Actual variable costs were $113,300 and actual fixed costs were $136,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. Note: 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 or Unfavorable 0 0 0 $ 0
! Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 20,400 units of production shows sales of $469,200; variable costs of $61,200; and fixed costs of $144,000. QS 23-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 26,100 units at $555,300. Actual variable costs were $113,300 and actual fixed costs were $136,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. Note: 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 or Unfavorable 0 0 0 $ 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![!
Required information
Use the following information for the Quick Study below. (Algo)
[The following information applies to the questions displayed below.]
The fixed budget for 20,400 units of production shows sales of $469,200;
variable costs of $61,200; and fixed costs of $144,000.
QS 23-4 (Algo) Flexible budget performance report LO P1
The company's actual sales were 26,100 units at $555,300. Actual variable costs were $113,300
and actual fixed costs were $136,000.
Prepare a flexible budget performance report. Indicate whether each variance is favorable or
unfavorable.
Note: 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 or
Unfavorable
0
0
0 $
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F18d05c60-e707-41d4-9d5c-0b3cca919d89%2F067ce15b-05b5-4080-900c-6ebcd0ee4562%2Ffra12cn_processed.png&w=3840&q=75)
Transcribed Image Text:!
Required information
Use the following information for the Quick Study below. (Algo)
[The following information applies to the questions displayed below.]
The fixed budget for 20,400 units of production shows sales of $469,200;
variable costs of $61,200; and fixed costs of $144,000.
QS 23-4 (Algo) Flexible budget performance report LO P1
The company's actual sales were 26,100 units at $555,300. Actual variable costs were $113,300
and actual fixed costs were $136,000.
Prepare a flexible budget performance report. Indicate whether each variance is favorable or
unfavorable.
Note: 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 or
Unfavorable
0
0
0 $
0
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