[The following information applies to the questions displayed below.] The fixed budget for 21,300 units of production shows sales of $596,400; variable costs of $63,900; and fixed costs of $141,000. The company's actual sales were 27,800 units at $736,400. Actual variable costs were $113,400 and actual fixed costs were $130,000. 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 0 0 $ 0 $ 0

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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[The following information applies to the questions displayed below.]
The fixed budget for 21,300 units of production shows sales of $596,400; variable costs of $63,900; and fixed costs of
$141,000.
The company's actual sales were 27,800 units at $736,400. Actual variable costs were $113,400 and actual fixed costs were $130,000.
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
0
0
$
0 $
0
Transcribed Image Text:[The following information applies to the questions displayed below.] The fixed budget for 21,300 units of production shows sales of $596,400; variable costs of $63,900; and fixed costs of $141,000. The company's actual sales were 27,800 units at $736,400. Actual variable costs were $113,400 and actual fixed costs were $130,000. 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 0 0 $ 0 $ 0
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