The fixed budget for 20,500 units of production shows sales of $533,000; variable costs of $61,500,...

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The fixed budget for 20,500 units of production shows sales of $533,000; variable costs of $61,500, and fixed costs of $143.000. If the company actually produces and sells 27,700 units, calculate the flexible budget income. The company's actual sales were 27,700 units at $674,200. Actual variable costs were $113,800 and actual fixed costs were $131,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable (Indicate the effect of each varlance by selecting favorable, unfavorable, or no variance.) The fixed budget for 20,500 units of production shows sales of $533,000; variable costs of $61,500, and fixed costs of $143.000. If the company actually produces and sells 27,700 units, calculate the flexible budget income. The company's actual sales were 27,700 units at $674,200. Actual variable costs were $113,800 and actual fixed costs were $131,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable (Indicate the effect of each varlance by selecting favorable, unfavorable, or no variance.)

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