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Hi, please help with the red cross and provide the detailed solution of how you get these answers. Thank you! Required information Use the following
Hi, please help with the red cross and provide the detailed solution of how you get these answers. Thank you!
Required information Use the following information for the Quick Study below [The following information applies to the questions displayed belowj Brodrick Company expects to produce 20,200 units for the year ending December 31. A flexible budget for 20,200 units of production reflects sales of $464,600; variable costs of $60,600; and fixed costs of $140,000 QS 23-4 Flexible budget performance report LO P1 Assume that actual sales for the year are $579,600 (27,200 units), actual variable costs for the year are $113,500, and actual fixed costs for the year are $135,000 Prepare a flexible budget performance report for the year Answer is complete but not entirely correct. BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget $625,600 Actual Results Favorable/ Unfavorable Variances Variable expenses Contribution margin Contribution margin Fixed expenses Income from operations 464,600 x $ 161,000 x Unfavorable 155,600 Unfavorable 316,600 x Unfavorable 5,000 Favorable (259,600) 205,000 140,000(135,000) (104,000) 521,600 $381,60070,000$ 311,600 x UnfavorableStep by Step Solution
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