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Breezy Fan Company Manufactures Ceiling Fans Breezy Fan Estimated Yearly

Question 74

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Breezy Fan Company manufactures ceiling fans Breezy Fan estimated yearly sales of 20,000 units at $16 per unit. Actual sales for the year were 23,000 units at $17 per unit. Variable expenses were budgeted at $6 per unit, and actual variable expenses were $6.20 per unit. Actual fixed costs were $78,400, and budgeted fixed costs were $75,000.
Prepare Breezy Fan's income statement performance report, including flexible budget variances and sales volume variances, for the year ended December 31.

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