Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.) Brodrick Company expects to produce 20,800 units for the year ending December 31. A flexible budget for 20,800 units of production reflects sales of $603,200; variable costs of $62,400, and fixed costs of $141,000. QS 23-4 Flexible budget performance report LO P1 Assume that actual sales for the year are $714,900 (26,100 units), actual variable costs for the year are $113,700, and actual fixed costs for the year are $134,000. Prepare a flexible budget performance report for the year. BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget Actual Results Variances Favorable! Unfavorable Sales $ Unfavorable Variable expenses Contribution margin Fixed expenses Income from operations 0 141,000 (141,000) 714,900 113,700 601,200 134,000 467,200 Unfavorable Unfavorable Favorable Unfavorable $ $ QS 23-5 Standard cost card LO CI What amounts would appear on a standard cost card for BatCo? Qty per Unit Cost per Input Std. Cost per Unit Direct materials Direct labor Overhead Assume the actual cost to manufacture one metal bat is $51.60. Compute the cost variance and classify it as favorable or unfavorable. Qty per Unit Cost per Input Total Direct materials Direct labor Overhead 1.00 kg. x 0.40 hrs. x $ 24.00 22.00 Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.) Brodrick Company expects to produce 20,800 units for the year ending December 31. A flexible budget for 20,800 units of production reflects sales of $603,200; variable costs of $62,400, and fixed costs of $141,000. QS 23-4 Flexible budget performance report LO P1 Assume that actual sales for the year are $714,900 (26,100 units), actual variable costs for the year are $113,700, and actual fixed costs for the year are $134,000. Prepare a flexible budget performance report for the year. BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget Actual Results Variances Favorable! Unfavorable Sales $ Unfavorable Variable expenses Contribution margin Fixed expenses Income from operations 0 141,000 (141,000) 714,900 113,700 601,200 134,000 467,200 Unfavorable Unfavorable Favorable Unfavorable $ $ QS 23-5 Standard cost card LO CI What amounts would appear on a standard cost card for BatCo? Qty per Unit Cost per Input Std. Cost per Unit Direct materials Direct labor Overhead Assume the actual cost to manufacture one metal bat is $51.60. Compute the cost variance and classify it as favorable or unfavorable. Qty per Unit Cost per Input Total Direct materials Direct labor Overhead 1.00 kg. x 0.40 hrs. x $ 24.00 22.00