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! Required information Use the following information for the Quick Study...

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Accounting

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! 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 21,800 units of production shows sales of $523.200; variable costs of $65,400; and fixed costs of $142,000 QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 27.200 units at $607,800. Actual variable costs were $113,400 and actual fixed costs were $137,000. 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.) Flexible Budget Performance Report Flexible Budget Actual Results Variances Favorable Unfavorable Contribution margin 0 0 5 05 0

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