Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable.
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Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $80 per unit and variable costs of $35 per unit.
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Flexlble Budget Performance Report Flexible Budget (10,800 units) Actual Results For Month Ended June 30 (10,800 units) Variances $ $ 351,000 Sales.... ? $21,000 F Variable costs.. Contribution margin... Fixed costs... ? 486,000 270,000 ? 285,000 ? Income... ? 2$ $ $
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