Do not give answer in image !Required information[The following information applies to the questions displayed below.]!The fixed budget for 20,500 units of production shows sales of $574,000; variable costs of $61,500; and fixed costs of$142,000.If the company actually produces and sells 26,700 units, calculate the flexible budget income.SalesVariable costsContribution marginFixed costsIncomeContribution margin------Flexible Budget------Variable Amountper Unit$$0Total FixedCostFlexible Budget Performance ReportFlexible Budget Actual Results00 $020,500 units$0------Flexible Budget at..$Required information[The following information applies to the questions displayed below.]The fixed budget for 20,500 units of production shows sales of $574,000; variable costs of $61,500; and fixed costs of$142,000.The company's actual sales were 26,700 units at $702,600. Actual variable costs were $113,900 and actual fixed costs were $136,000.Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of eachvariance by selecting favorable, unfavorable, or no variance.)026,700 unitsVariances$0 $00Favorable/Unfavorable

The variance is the difference betweeen the standard and actual cost data results. The variances can…

Required information [The following information applies to the questions displayed below.] The fixed budget for 20,500 units of production shows sales of $574,000; variable costs of $61,500; and fixed costs of $142,000. he company actually produces and sells 26,700 units, calculate the flexible budget income. ales ariable costs ontribution margin xed costs come ------Flexible Budget------ Variable Amount Total Fixed per Unit Cost $ 0 20,500 units $ ------Flexible Budget at -----. $ 0 26,700 units $ 0 $ 0 0

Required information [The following information applies to the questions displayed below.] The fixed budget for 20,500 units of production shows sales of $574,000; variable costs of $61,500; and fixed costs of $142,000. he company actually produces and sells 26,700 units, calculate the flexible budget income. ales ariable costs ontribution margin xed costs come ------Flexible Budget------ Variable Amount Total Fixed per Unit Cost $ 0 20,500 units $ ------Flexible Budget at -----. $ 0 26,700 units $ 0 $ 0 0

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

Chapter7: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 42E: Sales Revenue Approach, Variable Cost Ratio, Contribution Margin Ratio Arberg Companys controller...

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