Nina Company had the following fixed budget for July using 7,900 units for budgeted sales. Actual sales were 7,600 units and actual costs are shown below.

Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period.

Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period. 

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Nina Company prepared the following fixed budget for July using 7,900 units for budgeted sales. Actual sales were 7,600 units and actual costs are shown below. For Month Ended July 31 Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions 15 4 11 Total variable costs 65 Contribution margin Fixed costs Depreciation-Machinery Supervisor salary Insurance Depreciation-Office equipment Administrative salaries Total fixed costs $ 35 Fixed Budget Variable Amount Total Fixed per Unit $ 100 35 Cost Fixed Budget (7,900 units) $ 790,000 276,500 118,500 31,600 86,900 513,500 $ 276,500 Actual Results (7,600 units) $ 776,400 281,200 115,600 29,800 82,600 509,200 $ 267,200 $ 72,000 42,700 72,000 72,000 42,700 44,000 10,600 10,600 10,600 7,800 7,800 7,800 33,900 33,900 31,400 $ 167,000 167,000 165,800 Income $ 109,500 $ 101,400 Prepare a flexible budget performance report for July at activity level of 7,600 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) NINA COMPANY For Month Ended July 31 Sales Variable costs Flexible Budget Performance Report Flexible Actual Budget Results Variances Fav./Unf. (7,600 units) (7,600 units) Nina Company prepared the following fixed budget for July using 7,900 units for budgeted sales. Actual sales were 7,600 units and actual costs are shown below. For Month Ended July 31 Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions 15 4 11 Total variable costs 65 Contribution margin Fixed costs Depreciation-Machinery Supervisor salary Insurance Depreciation-Office equipment Administrative salaries Total fixed costs $ 35 Fixed Budget Variable Amount Total Fixed per Unit $ 100 35 Cost Fixed Budget (7,900 units) $ 790,000 276,500 118,500 31,600 86,900 513,500 $ 276,500 Actual Results (7,600 units) $ 776,400 281,200 115,600 29,800 82,600 509,200 $ 267,200 $ 72,000 42,700 72,000 72,000 42,700 44,000 10,600 10,600 10,600 7,800 7,800 7,800 33,900 33,900 31,400 $ 167,000 167,000 165,800 Income $ 109,500 $ 101,400 Prepare a flexible budget performance report for July at activity level of 7,600 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) NINA COMPANY For Month Ended July 31 Sales Variable costs Flexible Budget Performance Report Flexible Actual Budget Results Variances Fav./Unf. (7,600 units) (7,600 units)