Please help me to solve this problem The fixed budget for 20,000 units of production shows sales of $400,000; variable costs of $80,000; and fixed costs of$150,000.The company's actual sales were 26,000 units at $480,000. Actual variable costs were $112,000 and actual fixed costs were $145,000.Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of eachvariance by selecting favorable, unfavorable, or no variance.)Contribution marginFlexible Budget Performance ReportFlexible Budget Actual Results$00$VariancesFavorable/Unfavorable

The fixed budget for 20,000 units of production shows sales of $400,000; variable costs of $80,000; and fixed costs of $150,000. me company's actual sales were 26,000 units at $480,000. Actual variable costs were $112,000 and actual fixed costs were $145,000. epare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each ariance by selecting favorable, unfavorable, or no variance.)

The fixed budget for 20,000 units of production shows sales of $400,000; variable costs of $80,000; and fixed costs of $150,000. me company's actual sales were 26,000 units at $480,000. Actual variable costs were $112,000 and actual fixed costs were $145,000. epare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each ariance by selecting favorable, unfavorable, or no variance.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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