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Beech Company produced and sold 113,000 units of its product in May. For the level...

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Accounting

Beech Company produced and sold 113,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,200,000; variable costs, $654,000; and fixed costs, $320,000. The following actual financial results are available for May.

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6. Beech Company produced and sold 113,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,200,000; variable costs, $654,000; and fixed costs, $320,000. The following actual financial results are available for May. Actual 612,500 Sales (113,000 units) 1,183,000 Variable costs Fixed costs 320,000 Prepare a flexible budget performance report for May. BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Variance Favorable/ Unfavorable Contribution margin 0 0

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