The fixed budget for 21,100 units of production shows sales of $611,900; variable costs of $63,300, and fixed costs of $143,000 The company's actual sales were 27100 units at $742,900. Actual variable costs were $113,000 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.) Contribution margin Flexible Budget Performance Report Flexible Budget Actual Results Variances Favorable/ Unfavorable

The fixed budget for 21,100 units of production shows sales of $611,900; variable costs of $63,300, and fixed costs of $143,000 The company's actual sales were 27100 units at $742,900. Actual variable costs were $113,000 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.) Contribution margin Flexible Budget Performance Report Flexible Budget Actual Results Variances Favorable/ Unfavorable

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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