Beech Company produced and sold 106,000 units in May. For the level of production in May, budgeted amounts were sales, $1,270,000; variable costs, $844,000; and fixed costs, $210,000. The following actual results are available for May. Actual Results Sales (106,000 units) $ 1,252,000 Variable costs 815,500 Fixed costs 210,000 Prepare a flexible budget performance report for May. Indicate whether each variance is favorable or unfavorable. (Indicate the eff of each variance by selecting favorable, unfavorable, or no variance.) BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Variances Favorable Unfavorable $ Sales Variable costs Contribution margin Fixed costs Income 1,252,000 $ 844,000 408,000 210,000 198,000 $ 1,252,000 815,500 436,500 210,000 226,500 01 $ Check my werk Foyert Corporation requires a minimum $7.200 cash balance. Loans taken to meet this requirement cost interest per month (paid at the end of each month). Any preliminary cash balance above $7.200 is used to repay loans at month-end. The cash balance on October 1ls $7.200, and the company has an outstanding loan of $3,200. Budgeted cash receipts (other than for loans received) and budgeted cash payments (other than for loan or interest payments) follow. October November December Cash receipts $ 23,200 $ 17.200 5 21,200 Cash payments 25,800 16,200 14,800 Prepare a cash budget for October, November, and December (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar) FOYERT CORPORATION Cash Budget October $ 7,200 November December Beginning cash balance Total cash available Total cash payments Preliminary cash balance Loan activity indicated with minus sign. Round your final answers to the nearest whole dollar.) Check my work FOYERT CORPORATION Cash Budget October $ 7.200 November December Beginning cash balance Total cash available Total cash payments Preliminary cash balance Loan activity Ending cash balance Loan balance 3.200 Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month