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Please check my work and provide correct answer Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable.
Please check my work and provide correct answer
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 varlance by selecting favorable, unfavorable, or no varlance.) Flexible Budget Performance Report Flexible Budget Actual Results For Month Ended June 30 (10,880 units) (10,880 units) Variances Sales $ 21,000 F Variable costs 351,00 Contribution margin 486, 8e Fixed costs 270,000 285,eee Income ? ? ? $? For Month Ended June 30 Answer is complete but not entirely correct. Flexible Budget Performance Report Flexible Budget Actual Results Variances (10,800 units) Fav./Unf. (10,800 units) $ 904,000 Xs 935.000 Xs 31,000 > Favorable 395,500 358,000 X 39.500 X Favorable 508,500 X 579.000 x 70.500 Favorable 275,000 X 290,000 15.000 Unfavorable s 233,500 X $ 289,000 $ 55,500 X Favorable Sales Variable costs Contribution margin Fixed costs 0 Ololololo Income O
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