Use the following information for the Quick Study below. (Algo) [The following information applies to...
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Accounting
Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 21,000 units of production shows sales of $483,000; variable costs of $63,000; and fixed costs of $141,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 26,500 units at $563,500. Actual variable costs were $113,900 and actual fixed costs were $137,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)
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