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Beech Company produced and sold 106,000 units in May. For the level of production in May, budgeted amounts were sales, $1,310,000; variable costs, $832,000; and
Beech Company produced and sold 106,000 units in May. For the level of production in May, budgeted amounts were sales, $1,310,000; variable costs, $832,000; and fixed costs, $330,000. The following actual results are available for May. Prepare a flexible budget performance report for May. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)
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