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Required information [The following information applles to the questions displayed below] The fixed budget for 20,600 units of production shows sales of $473,800; variable costs

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Required information [The following information applles to the questions displayed below] The fixed budget for 20,600 units of production shows sales of $473,800; variable costs of $61,800; and fixed costs of $141,000. If the company actually produces and sells 26,700 units, calculate the flexible budget income. Required information [The following information applies to the questions displayed below] The fixed budget for 20,600 units of production shows sales of $473,800; variable costs of $61,800; and fixed costs of $141,000. The company's actual sales were 26,700 units at $566,100. Actual variable costs were $113,500 and actual fixed costs were $138,000. 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.)

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