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 |