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.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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.)
Sales
Variable costs
Contribution margin
Fixed costs
Income
Flexible Budget Performance Report
Flexible Budget Actual Results
ONDIT S
D
0 S
Variances
Favorable!
Unfavorable
Unfavorable
Unfavorable
Unfavorable
Favorable
Unfavorable](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4628a3e0-e47d-45a5-9da4-63b4693574a3%2F6db90d89-0ff8-4127-8b28-cadc26e3dd96%2Ffgb158x_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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.)
Sales
Variable costs
Contribution margin
Fixed costs
Income
Flexible Budget Performance Report
Flexible Budget Actual Results
ONDIT S
D
0 S
Variances
Favorable!
Unfavorable
Unfavorable
Unfavorable
Unfavorable
Favorable
Unfavorable
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