QS $23-4$ Flexible budget performance report LO P$1$

Assume that actual sales for the year are $$480,000(26,000$ units$),$ actual variable costs for the year are $$112,000,$ and actual fixed costs for the year are $$145,000.$

Prepare a flexible budget performance report for the year.

$\backslash$table$[[$BRODRICK COMPANY$],[$For Year Ended December $31],[,$Flexible Budget,Actual Results,Variances,$\backslash$table$[[$Favorablel$],[$Unfavorable$]]],[$Sales$,,,,],[$Variable Cost,,,,$],[$Contribution margin,,,,$],[$Fixed Cost,,,,$],[$Income$,,,,]]$