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Describe the level of production

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Question: 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, $1,300,000; variable costs, $750,000; and fixed costs, $300,000. The following actual financial results are available for May.

 

Actual

  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          Favorable/Un fav.

Sales

Variable Expense

Contribution Margin

Fixed Expense

Income from Operations

(Could you please show how to get the Flexible Budget)

Reference no: EM131755643

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