QS 21-4 Flexible budget performance report LO P1 Assume that actual sales for the year are $480,000 (26,000 units), actual variable costs for the year are $112,000, and actual fixed costs for the year are $145,000. Prepare a flexible budget performance report for the year.

The preparation of the flexible budget performance report for the year is presented below:

Explanation:

The preparation of the flexible budget performance report for the year

                                Flexible budget performance report

Flexible budget         Actual results        Variance         fav or unfav

sales$520,000           $480,000         $40,000        Unfav

variable cost($104,000)($112,000)         $8,000         Unfav

Contribution margin  $416,000$368,000$48,000         Unfav

Fixed cost    ($150,000)       ($145,000)$5,000          Fav

Net operating

income            $266,000        $223,0 00  $43,000Unfav

Working Notes:

The selling price per unit is

= $400,000 ÷20,000 units

= $20 per unit

So total sales = 26,000 units  × $20 = 520,000

And,

Variable cost per unit is

= $80,000 ÷ 20,000 units

= 4 per unit

So, variable cost is = $4 × 26,000 units = $104,000

If actual sales is less than the flexible budgets sales than it leads to unfavorable variance else it is favorable variance

i'm pretty sure the answer is 60.

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.