Question 2

Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 20,300 units of production shows sales of $588,700; variable costs of $60,900; and fixed costs of $143,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 27,900 units at $767,100. Actual variable costs were $113,100 and actual fixed costs were $135,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)