Required information The following information applies to the questions displayed below. Brodrick Company expects to...
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Required information The following information applies to the questions displayed below. Brodrick Company expects to produce 21,500 units for the year ending December 31. A flexible budget for 21,500 units of production reflects sales of $645,000; variable costs of $64,500; and fixed costs of $142,000. Assume that actual sales for the year are $746,000 (26,300 units), actual variable costs for the year are $113,600, and actual fixed costs for the year are $131,000. Prepare a flexible budget performance report for the year. BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Favorablel Unfavorable Flexible Budget Actual Results Variances Contribution margin
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