QS $23-1($Algo$)$ Flexible budget performance report LO P$1$

Beech Company produced and sold $105,000$ units in May. For the level of production in May, budgeted amounts were sales,

$$1,310,000$; variable costs, $$827,000$; and fixed costs, $$340,000.$ The following actual results are available for May.

Prepare a flexible budget performance report for May. Indicate whether each variance is favorable or unfavorable.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.