The fixed budget for 21,000 units of production shows sales of $462,000; variable costs of $63,000; and fixed costs of $144,000.   The company’s actual sales were 26,700 units at $543,400. Actual variable costs were $113,700 and actual fixed costs were $135,000. 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.)

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The fixed budget for 21,000 units of production shows sales of $462,000; variable costs of $63,000; and fixed costs of $144,000.

 

The company’s actual sales were 26,700 units at $543,400. Actual variable costs were $113,700 and actual fixed costs were $135,000.

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.)

The company's actual sales were 26,700 units at $543,400. Actual variable costs were $113,700 and actual fixed costs were $135,000.
Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each
varlance by selecting favorable, unfavorable, or no varlance.)
Contribution margin
Flexible Budget Performance Report
Flexible Budget Actual Results
$
0
0 $
0
0
Variances
Favorable/
Unfavorable
Transcribed Image Text:The company's actual sales were 26,700 units at $543,400. Actual variable costs were $113,700 and actual fixed costs were $135,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each varlance by selecting favorable, unfavorable, or no varlance.) Contribution margin Flexible Budget Performance Report Flexible Budget Actual Results $ 0 0 $ 0 0 Variances Favorable/ Unfavorable
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