QS $23-1($Static$)$ Flexible budget performance report LO P$1$

Beech Company produced and sold $105,000$ units in May. For the level of production in May, budgeted amounts were sales, $$1,300,000$; variable costs, $$750,000$; and fixed costs, $$300,000.$ The following actual results are available for May.

Actual Results

Sales $(105,000$ units$)$ $ $1,275,000$

Variable costs $712,500$

Fixed costs $300,000$

Prepare a flexible budget performance report for May. Indicate whether each variance is favorable or unfavorable.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.