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 effect 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 Contribution margin Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. a. Beginning cash balance on June 1, $95,900. b. Cash receipts from sales, $422,500. c. Budgeted cash payments for purchases, $277,500, d. Budgeted cash payments for salaries, $96,900. e. Other budgeted cash expenses, $58,900. f. Cash repayment of bank loan, $33,900. g. Budgeted depreciation expense. $35,900. Multiple Choice $51,200 $15,300 B The following company information is available. The direct materials quantity variance is: Direct materials used for production Standard quantity for units produced Standard cost per gallon of direct material Actual cost per gallon of direct material 45,000 gallons 43,000 gallons $ 10.00 $ 10.30 Multiple Choice $31,000 unfavorable $20,000 unfavorable. Santos Company is preparing a cash budget for February. The company has $11,000 cash at the beginning of February and budgets $66,000 in cash receipts from sales and $104,000 in cash payments during February. Prepare the cash budget for February assuming the company maintains a $6,000 minimum cash balance and will take a loan if necessary to maintain this balance. The company has no loans outstanding on February 1 (Negative cash balances, if any, should be indicated with minus sign.) SANTOS COMPANY Cash Budget February $ 11.000 66,000 77,000 (104.000) Beginning cash balance Add: Cash receipts from sales Total cash available Less: Cash payments Preliminary cash balance Loan activity Additional loan Ending cash balance Loan balance, end of month $ 6,000