Question: A company reports the following fixed budget based on expected production and sales of 2,000 units. Fixed Budget For Year Ended December 31 Sales (2,000

A company reports the following fixed budget based on expected production and sales of 2,000 units.

Fixed Budget
For Year Ended December 31
Sales (2,000 units) $ 912,000
Costs
Direct materials 174,000
Direct labor 168,000
DepreciationMachinery 201,000
Supervisory salaries 121,000
Shipping 52,000
Administrative salaries 71,000
Income $ 125,000

This company's actual results for sales of 2,300 units follow.

Sales (2,300 units) $ 966,900
Costs
Direct materials $ 197,200
Direct labor 183,400
DepreciationMachinery 201,000
Supervisory salaries 106,040
Shipping 64,120
Administrative salaries 73,040
Income $ 142,100

Prepare a flexible budget performance report for the year ended December 31.

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