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Brodrick Company expects to produce 21,000 units for the year ending December 31. A flexible budget for 21,000 units of production reflects sales of $462,000;
Brodrick Company expects to produce 21,000 units for the year ending December 31. A flexible budget for 21,000 units of production reflects sales of $462,000; variable costs of $63,000; and fixed costs of $143,000.
Assume that actual sales for the year are $550,200 (27,100 units), actual variable costs for the year are $113,400, and actual fixed costs for the year are $132,000. Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)
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