Quail Company reports the following selected financial results for May. For the level of production achieved in May, the budgeted amounts would be sales, $650,000; variable costs, $375,000; and fixed costs, $150,000. Prepare a flexible budget performance report for May.
Sales (100,000 units) . . . . . . . $637,500
Variable costs . . . . . . . . . . . . 356,250
Fixed costs . . . . . . . . . . . . . . 150,000