Acctfg 2

Beech Company sold 105,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,300,000; variable costs, $750,000; and fixed costs, $300,000. The following actual financial results are available for May.

Sales (105,000 units) $ 1,275,000 Variable costs 712,500 Fixed costs 300,000

Prepare a flexible budget performance report for May.

BEECH COMPANY Flexible Budget Performance Report

For Month Ended May 31 Flexible budget Actual results Variance Fav./Unf.

Sales Fixed costs Contribution margin Fixed costs Income from operations

Expanded table Difficulty: Medium Learning Objective: 23-P1 Prepare a flexible budget and interpret a flexible budget performance report.

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eBook & ResourcesReferences

Chapter 23. Practice http://ezto.mheducation.com/hm.tpx?_=0.6810390205671811_144845...

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