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i need help thanks. Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable, The company budgets a
i need help thanks.
Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable, The company budgets a selling price of $80 per unit and variable costs of $35 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report Flexible Budget Actual Results For Month Ended June 30 (10,800 units) (10,800 units) Variances Sales $ 2 $ 21,000 F Variable costs 351,000 Contribution margin 486,000 Fixed costs 270,000 Income S 2 2 2 285,000 $ 2 ? 2 2 $ 2 $ ? For Month Ended June 30 Sales Variable costs Contribution margin Fixed costs Income Flexible Budget Performance Report Flexible Budget Actual Results Favorable/Unfavorable (10,800 units) Variances (10,800 units) $ 21,000 Favorable 351,000 Favorable 486,000 Favorable 270,000 285,0001 15,000 Unfavorable Favorable Step by Step Solution
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