please help Beech Company produced and sold 105,000 units of its product in May.

Question

please help

Beech Company produced and sold 105,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,230,000; variable costs, $850,000: and fixed costs, $220,000. The following actual financial results are available for May. Actual Sales (105,000 units) S1,212,000 00:4535 Variable costs 814,500 220,000 Fixed costs Prepare a flexible budget performance report for May BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Favorablel Unfavorable Flexible Budget Actual Results Variances Contribution margin Next Mc Hill

Explanation / Answer

Flexible budget performance report :

Flexible budget Actual results Variance Fav/Unfav Sales 1230000 1212000 18000 Unfav Variable cost 850000 814500 35500 Fav Contribution margin 380000 397500 17500 Fav Fixed cost 220000 220000 0 None Net income 160000 177500 17500 Fav

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