The fixed budget for 21,300 units of production shows sales of $468,600; variable costs of $63,900; and fixed costs of $143,000. company's actual sales were 26,300 units at $531,600. Actual variable costs were $113,100 and actual fixed costs were $138,000. pare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each ance by selecting favorable, unfavorable, or no variance.) tribution margin Flexible Budget Performance Report Flexible Budget Actual Results $ 0 0 $ 0 0 Variances Favorable/ Unfavorable

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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[The following information applies to the questions displayed below.]
The fixed budget for 21,300 units of production shows sales of $468,600; variable costs of $63,900; and fixed costs of
$143,000.
The company's actual sales were 26,300 units at $531,600. Actual variable costs were $113,100 and actual fixed costs were $138,000.
repare 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.)
Contribution margin
Flexible Budget Performance Report
Flexible Budget Actual Results
$
0
0 $
0
Variances
Favorable/
Unfavorable
Transcribed Image Text:Required information [The following information applies to the questions displayed below.] The fixed budget for 21,300 units of production shows sales of $468,600; variable costs of $63,900; and fixed costs of $143,000. The company's actual sales were 26,300 units at $531,600. Actual variable costs were $113,100 and actual fixed costs were $138,000. repare 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.) Contribution margin Flexible Budget Performance Report Flexible Budget Actual Results $ 0 0 $ 0 Variances Favorable/ Unfavorable
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