Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below] The fixed budget for 20,800 units of production shows sales of $603,200; variable costs of $62,400; and fixed costs of $144,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 27,300 units at $742,700. Actual variable costs were $113,800 and actual fixed costs were $132,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Sales Variable costs Contribution margin Fixed costs Income Flexible Budget Performance Report Flexible Budget Actual Results Variances Favorable/ Unfavorable $ 742,700 113,800 0 628,900 132,000 $ 0 $ 496,900

Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below] The fixed budget for 20,800 units of production shows sales of $603,200; variable costs of $62,400; and fixed costs of $144,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 27,300 units at $742,700. Actual variable costs were $113,800 and actual fixed costs were $132,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Sales Variable costs Contribution margin Fixed costs Income Flexible Budget Performance Report Flexible Budget Actual Results Variances Favorable/ Unfavorable $ 742,700 113,800 0 628,900 132,000 $ 0 $ 496,900

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 1CMA: Taylor Corporation is analyzing the cost behavior of three cost items, A, B, and C, to budget for...

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Judges Gavel uses this information when preparing their flexible budget: direct materials of $3 per unit, direct labor of $2.50 per unit, and manufacturing overhead of $1.25 per unit. Fixed costs are $49,000. What would be the budgeted amounts for 33,000 and 35,000 units?
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