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Beech Company produced and sold 107,000 units in May. For the level of production in May, budgeted amounts were sales, $1,250,000; variable costs, $840,000; and fixed costs, $250,000. The following actual results are available for May Sales (107,000 units) Variable costs. Fixed costs Actual Results $ 1,233,000 799,500 250,000 Prepare a flexible budget performance report for May. Indicate whether each variance is favorable or unfavorable. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Contribution margin BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Variances Favorable or Unfavorable

Beech Company produced and sold 107,000 units in May. For the level of production in May, budgeted amounts were sales, $1,250,000; variable costs, $840,000; and fixed costs, $250,000. The following actual results are available for May Sales (107,000 units) Variable costs. Fixed costs Actual Results $ 1,233,000 799,500 250,000 Prepare a flexible budget performance report for May. Indicate whether each variance is favorable or unfavorable. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Contribution margin BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Variances Favorable or Unfavorable

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter9: Profit Planning And Flexible Budgets
Section: Chapter Questions
Problem 34BEA: Performance Report Based on Budgeted and Actual Levels of Production Bowling Company budgeted the...
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Beech Company produced and sold 107,000 units in May. For the level of production in May, budgeted amounts were sales, $1,250,000; variable costs, $840,000; and fixed costs, $250,000. The following actual results are available for May. Sales (107,000 units) Variable costs Fixed costs Actual Results $ 1,233,000 799,500 250,000 Prepare a flexible budget performance report for May. Indicate whether each variance is favorable or unfavorable. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Contribution margin BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Variances Favorable or Unfavorable
Transcribed Image Text:Beech Company produced and sold 107,000 units in May. For the level of production in May, budgeted amounts were sales, $1,250,000; variable costs, $840,000; and fixed costs, $250,000. The following actual results are available for May. Sales (107,000 units) Variable costs Fixed costs Actual Results $ 1,233,000 799,500 250,000 Prepare a flexible budget performance report for May. Indicate whether each variance is favorable or unfavorable. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Contribution margin BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Variances Favorable or Unfavorable
Required information [The following information applies to the questions displayed below.] The fixed budget for 20,800 units of production shows sales of $561,600; variable costs of $62,400; and fixed costs of $140,000. If the company actually produces and sells 26,200 units, calculate the flexible budget income. Flexible Budget at 20,800 units 20,200 units Contribution margin -Flexible Budget- Variable Amount per Unit $ 0 Total Fixed Cost $ $ 0$ 0 $ 0 0
Transcribed Image Text:Required information [The following information applies to the questions displayed below.] The fixed budget for 20,800 units of production shows sales of $561,600; variable costs of $62,400; and fixed costs of $140,000. If the company actually produces and sells 26,200 units, calculate the flexible budget income. Flexible Budget at 20,800 units 20,200 units Contribution margin -Flexible Budget- Variable Amount per Unit $ 0 Total Fixed Cost $ $ 0$ 0 $ 0 0
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