Top managers of Juda Industries predicted in 2018 sales of 15,000 unites of its product at a unit price of $7.50. Actual sales for the year were 14,000 units at $11 each. Variable costs were budgeted at $2.40 per unit, and actual variable costs were $2.50 per unit. Actual fixed cost of $47,000 exceeded budget fixed cost by $4600.

 

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Juda Industries Flexible Budget Performance Report For the Year Ended December 31, 2018 1 2 3 4 (1) - (3) (3) - (5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Units Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income Juda Industries Flexible Budget Performance Report For the Year Ended December 31, 2018 1 2 3 4 (1) - (3) (3) - (5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Units Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income