Complete the following partial flexible budget performance report, and indicate whether each variance is favorable The company budgets a selling price of $80 per unit and variable costs of $35 per unit. (Indicate the effect of eac selecting favorable, unfavorable, or no variance.) For Month Ended June 30 Sales Variable costs Contribution margin Fixed costs Income Flexible Budget Performance Report Flexible Budget Actual Results (10,800 units) (10,800 units) $ 486,000 270,000 216,000 351,000 285,000 Variances Favorable/Unfavorable $ 21,000 Favorable Favorable Favorable Unfavorable Favorable

Complete the following partial flexible budget performance report, and indicate whether each variance is favorable The company budgets a selling price of $80 per unit and variable costs of $35 per unit. (Indicate the effect of eac selecting favorable, unfavorable, or no variance.) For Month Ended June 30 Sales Variable costs Contribution margin Fixed costs Income Flexible Budget Performance Report Flexible Budget Actual Results (10,800 units) (10,800 units) $ 486,000 270,000 216,000 351,000 285,000 Variances Favorable/Unfavorable $ 21,000 Favorable Favorable Favorable Unfavorable Favorable

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 10E

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