Please help me and double check the answer! I will kindly thumbs up. Thank you s

Question

Please help me and double check the answer! I will kindly thumbs up. Thank you so much.

6. Beech Company produced and sold 113,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, S1,200,000; variable costs, $654,000; and fixed costs, $320,000. The following actual financial results are available for May. Actual Sales (113,000 units) 1,183,000 Variable costs 612,500 320,000 Fixed costs Prepare a flexible budget performance report for May. BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Favorable/ Flexible Budget Actual Results Variance Unfavorable 0 0 Contribution margin 5 0 0

Explanation / Answer

Budgeted   Actual       Variance
sales 1200000 1183000 17000 Unfavourable
less: Variable Costs       654000 612500       41500 Favourable
Contribution 546000 570500       24500 Favourable
less: fixed cost 320000 320000      
Net Profit 226000       250500
      

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