Brodrick Company expects to produce 20,000 units for the year ending December 31. A flexible budget for 20,000 units of production reflects sales of $400,000; variable costs of $80,000; and fixed costs of $150,000. The company instead produces and sells 26,000 units for the year. Assume that actual sales are $480,000, 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.

Flexible budget performance report for the year

Sales ($400,000 / 20,000 × 26,000)                         $520,000

Less Variable Costs ($80,000 / 20,000 × 26,000)   ($104,000)

Less Fixed costs                                                           ($150,000)

Budgeted Income / (Loss)                                            $266,000

Explanation:

A flexed Budget is a Master Budget that has been adjusted to the Actual number of units produced and sold instead of Budgeted Units.

Note : Fixed Costs will the the same under the Master Budget and the Flexed Budget.

​participate in networking opportunities that allow you to get to know potential clients, other entrepreneurs, influential people in your community, etc. focus on doing everything you can to cultivate posting word of mouth advertisin