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Prepare a flexible budget performance report

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Question: Santana Company sold 100,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $850,000; variable costs, $675,000; and fixed costs, $150,000. The following actual financial results are available for May.

Prepare a flexible budget performance report for May

Sales (100,000 units) . . . . . . . . . $837,500

Variable costs . . . . . . . . . . . . . . . 656,250

Fixed costs . . . . . . . . . . . . . . . . . 150,000

Reference no: EM131539656

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