123456 Fixed Budget Report For Year Ended December 31, 2017 $ 4,000,000 Sales Cost of goods sold Direct Material Direct labor Machinery Rep Dep-Equip Utilities-$64,000 Var Plant mgmt. Sal $ 1,120,000 240,000 80,000 315,000 214,000 200,000 2,169,000 1,831,000 Gross profit Selling expenses Packaging Shipping Sales salary 96,000 128,000 260,000 484,000 Gen and Admin Advertising Salaries Entertainment 131,000 261,000 100,000 492,000 OPS income 855,000 Required: Prepare a flexible budget performance report for 2017 based on 19,000 units. The actual results have already been compiled on the report. Variances Fav/Unfav Master Budget Flexible Budget At 16,000 Units At 19,000 Units Unit Cost/Var Actual Results 19,000 Units Sales $ 4,813,000 Variable Costs Direct Material 1.346,000 Direct Labor 702 000 86,000 75,000 Machinery repairs Utilities Packaging Shipping 112 144,500 Total Variable Costs 2,056,500 Contribution Margin 2.756.500 Annual Costs Fixed Costs www.k........... ......................... Depreciation 315.000 Utilities 147.500 211.000 Plant Mgmt Salaries Sales Salaries 278,000 Advertising Expense 139,000 Salaries 261,000 Entertainment Exp 101 000 Total Fixed Costs 1.454.500 Income from OPS XXXXXXXXX 1.302.000