Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or...
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Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $81 per unit and variable costs of $35 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report Flexible Budget (11,900 units) Actual Results For Month Ended June 30 Variances Favorable/Unfavorable (11,900 units) Sales 31,100 Favorable Variable costs 362,000 Contribution margin 547,400 Fixed costs 281,000 296,000 Income Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $81 per unit and variable costs of $35 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report Flexible Budget (11,900 units) Actual Results For Month Ended June 30 Variances Favorable/Unfavorable (11,900 units) Sales 31,100 Favorable Variable costs 362,000 Contribution margin 547,400 Fixed costs 281,000 296,000 Income
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Answer Solution Sales Budget 1190081 963900 Actual 963900 ... View the full answer
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