Question: Use the following intormation tor the Quick Study below. The following information applies to the questions displayed below.) Brodrick Company expects to produce 20100 units
Use the following intormation tor the Quick Study below. The following information applies to the questions displayed below.) Brodrick Company expects to produce 20100 units for the year ending December 31. A flexible budget for 20,100 units of production reflects sales of $422100; variable costs of $60,300; and fixed costs of $142.000, of 2 QS 21-4 Flexible budget performance report LO P1 4:15 Assume that actual sales for the year are $532,300 (27,300 units), actual variable costs for the year are $113,700, and actual fixed costs for the year ate $130,000 Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting for favorable. unfavorable, and no variance.) BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget Actual Results Variances Favorable/ Unfavorable Sales Variable expenses Contribution margin Fored expenses Income from operations 0 0 $ 0 $ 0
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