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Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $90
Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $90 per unit and variable costs of $33 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Variances $ 37,000 F $? For Month Ended June 30 Sales Variable costs Contribution margin Fixed costs Income Flexible Budget Performance Report Flexible Budget Actual Results (12,700 units) (12,700 units) $ ? ? 370,000 723,900 ? 289,000 304,000 $? $? $ Flexible Budget Performance Report Flexible Budget Actual Results Variances (12,700 units) (12,700 units) For Month Ended June 30 Favorable/Unfavorable
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