The fixed budget for 21,600 units of production shows sales of $583,200, variable costs of $64,800, and fixed costs of $143.000 The company's actual sales were 27.600 units at $703.200. Actual variable costs were $113,300 and actual fixed costs were $132.000 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 fixed budget for 21,600 units of production shows sales of $583,200, variable costs of $64,800, and fixed costs of $143.000 The company's actual sales were 27.600 units at $703.200. Actual variable costs were $113,300 and actual fixed costs were $132.000 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.)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter9: Profit Planning And Flexible Budgets

Section: Chapter Questions

Problem 20MCQ: A firm comparing the actual variable costs of producing 10,000 units with the total variable costs...

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