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Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 21,900
Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 21,900 units of production shows sales of $525,600; variable costs of $65,700; and fixed costs of $143,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 27.100 units at $603.400. Actual variable costs were $113,800 and actual fixed costs were $131.000. 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.) Sales Vanable costs Contribution margin xed costs income Flexible Budget Performance Report Flexible Budget Actual Results Variances Favorable/ Unfavorable 0 0 $ 0 $ 0
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