Beech company produced and sold 105,000 units of its product in may. for the level of produ ction 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 $ 1,275,000
(105,000 units)
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 show how to get the flexible budget)

The typical consumer's food basket in the base year 2015 is as follows: 30 chickens at $4 each 10 hams at $5 each 10 steaks at $8 each a chicken feed shortage causes the price of chickens to rise to $5.00 each in the year 2016. hams rise to $7.00 each, and the price of steaks is unchanged. a. calculate the change in the "cost-of-eating" index between 2015 and 2016. year cost of the basket 2015 $ 2016 $ instructions: enter your responses rounded to one decimal place. the official cost-of-eating index has by %. b. suppose that consumers are completely indifferent between two chickens and one ham. for this example, how large is the substitution bias in the official "cost-of-eating" index? the in the cost-of-eating index is %. the of inflation in the cost of eating reflects substitution bias.

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Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?