QS 23-1 (Algo) Flexible budget performance report LO P1

Beech Company produced and sold 112,000 units in May. For the level of production in May, budgeted amounts were sales, $1,240,000; variable costs, $839,000; and fixed costs, $330,000. The following actual results are available for May.

	Actual Results
Sales (112,000 units)	$ 1,209,000
Variable costs	804,500
Fixed costs	330,000

Prepare a flexible budget performance report for May. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)