The fixed budget for $20,500$ units of production shows sales of $$430,500$; variable costs of $$61,500$; and fixed costs of $$143,000.$

QS $21-4($Algo$)$ Flexible budget performance report LO P$1$

The company's actual sales were $26,400$ units at $$509,400.$ Actual variable costs were $$113,700$ and actual fixed costs were $$136,000.$

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

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

Flexible Budget Performance Report Flexible Budget Actual Results Variances

Favorable or Unfavorable

Sales Variable costs Contribution margin $0$ Fixed costs Income $ $0$ $