Reference no: EM13573661

Flexible budget performance report L.O. P1 Beck Company expects to produce 10,000 units for the year ending December 31. A flexible budget for 10,000 units of production reflects sales of $200,000; variable costs of $40,000; and fixed costs of $75,000. If the company instead produces and sells 13,000 units for the year. Assume that actual sales are $265,000, actual variable costs for the year are $59,000, and actual fixed costs for the year are $73,400.Prepare a flexible budget performance report for the year. (Input all amounts as a positive value. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Leave no cells blank - be certain to enter "0" wherever required.

Omit the "tiny_mce_markerquot; sign in your response.) Exercise 24-4 Preparation of a flexible budget performance report L.O. P1 Daytec Company's fixed budget performance report for June follows. The $440,000 budgeted expenses include $300,000 variable expenses and $140,000 fixed expenses. Actual expenses include $130,000 fixed expenses. Fixed Budget Actual Results Variances Sales 6,000 4,800 Sales (in dollars) $ 480,000 $ 422,400 $ 57,600 U Total expenses 440,000 394,000 46,000 F Income from operations $ 40,000 $ 28,400 $ 11,600 U Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately. (Input all amounts as a positive value. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect. Leave no cells blank - be certain to enter "0" wherever required. DAYTEC COMPANY Flexible Budget Performance Report For Month Ended June 30 Flexible Budget Actual Results Variances $ $ $ $ $ $.