$1$

Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $\backslash (\backslash$$ $80\backslash )$ per unit and variable costs of $\backslash (\backslash$$ $35\backslash )$ per unit.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.

$5$

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$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$multicolumn$\{6\}\{|$c$|\}\{$Flexible Budget Performance Report$\}\backslash \backslash$

$\backslash$hline For Month Ended June $30$ & Flexible Budget $(11,300$ units$)$ & Actual Results $(11,300$ units$)$ & & ans & Favorable or Unfavorable $\backslash \backslash$

$\backslash$hline Sales & & & $\backslash$$ & $31,000$ & Favorable $\backslash \backslash$

$\backslash$hline Variable costs & & $356,000$ & & & Favorable $\backslash \backslash$

$\backslash$hline Contribution margin & $508,500$ & & & & Favorable $\backslash \backslash$

$\backslash$hline Fixed costs & $275,000$ & $290,000$ & & & Unfavorable $\backslash \backslash$

$\backslash$hline Income & & & & & Favorable $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$