Question: Please help with ALL fields. Thanks. QS 21-1 Flexible budget performance report LO P1 Beech Company produced and sold 106,000 units of its product in

Please help with ALL fields. Thanks. QS 21-1 Flexible budget performance

Please help with ALL fields. Thanks.

QS 21-1 Flexible budget performance report LO P1 Beech Company produced and sold 106,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,370,000; variable costs, $834,000; and fixed costs, $280,000. The following actual financial results are available for May Actual Sales (106,000 units) Variable costs Fixed costs $1,349,000 798,500 280,000 Prepare a flexible budget performance report for May Answer is not complete. BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Favorable/ Unfavorable Variances Sales Variable costs Contribution margin Fixed costs 280,000 S (280,000) S

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