Nina Company prepared the following fixed budget for July usingunits for budgeted sales. Actual sales wereunits and actual costs are shown below.

Fixed Budget

For Month Ended July Variable Amount per Unit Total Fixed Cost Fixed Budget units Actual Results units

Sales $ $ $

Variable costs

Direct materials

Direct labor

Indirect materials

Sales commissions

Total variable costs

Contribution margin $ $$

Fixed costs

DepreciationMachinery $

Supervisor salary

Insurance

DepreciationOffice equipment

Administrative salaries

Total fixed costs $

Income $$

Prepare a flexible budget performance report for July at activity level of units. Show variances between budgeted and actual amounts. Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.

Answer rating: 100% (QA)

Flexible Budget Performance Report for Nina Company For the Month Ended July 31 Activity Level 7220 units Item Flexible Budget Actual Results Variance ... View the full answer