Beech Company produced and sold 113,000 units of its product in May. For the level of...

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Beech Company produced and sold 113,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,290,000; variable costs, $826,000; and fixed costs, $390,000. The following actual financial results are available for May. Actual Sales (113,000 units) $1,272,000 Variable costs 790,500 390,000 Fixed costs Prepare a flexible budget performance report for May. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Favorable/ Unfavorable Contribution margin Variances Beech Company produced and sold 113,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,290,000; variable costs, $826,000; and fixed costs, $390,000. The following actual financial results are available for May. Actual Sales (113,000 units) $1,272,000 Variable costs 790,500 390,000 Fixed costs Prepare a flexible budget performance report for May. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Favorable/ Unfavorable Contribution margin Variances

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