Beech Company produced and sold 105,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales. $1,300,000; variable costs. $750,000: and fixed costs. $300,000. The following actual financial results are available for May.

Actual
Sales (105,000 units) $1,275,000
Variable costs 712,500
Fixed costs 300,000
*Prepare a flexible budget performance report for May.

BEECH COMPANY
Flexible Budget Performance Report
For the Month Ended May 31
Flexible Budget Actual Results Variance Favorable/Unfavorable
Contribution margin

Contribution margin       12,500  Fav

Explanation:

Beech Company

Flexible Budget Performance Report

For the Month Ended May 31

                       Flexible Budget         Actual Results              Variance

Sales                  $1,300,000;                  $1,275,000             25,000  Unfav

Variable costs      $750,000:                     712,500               37,500    Fav  

Fixed costs.          $300,000                     300,000              -                    

Contribution margin  250,000                262,500            12,500  Fav

We calculate the Variance by subtracting the actual and the flexible budget amounts. Because actual sales are less the variance is unfavorable and actual costs are also less the variance is favorable.

a naked warrant, also known as a covered warrant, is a derivative that allows the holder to buy or sell a security, such as a bond or share. unlike a normal warrant, it is not attached to a newly issued bond or preferred stock.

unsecured bonds: they are not secured by a specific asset, but rather by "the full faith and credit" of the issuer. in other words, the investor has the issuer's promise to repay but has no claim on specific collateral. debt, such as unsecured bond debt, is said to be “subordinated,” or junior, to secured debt.

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported