G -0:00 $800,000 and $300,000 $800,000 and $240,000 O$1,000,000 and $300,000 O $1,000,000 and $240,000 1x Knowledge Check 01 Acme Manufacturing Company prepared a fixed budget based on the expected sales of 160,00 units. That fixed budget included variable costs totaling $800,000 and fixed costs totaling $240,000. If the company instead uses flexible budgeting and actually sells 200,000 units durin the year, what are the amounts that will be included in its flexible budget performance report for total variable costs and total fixed costs.

Answer rating: 100% (QA)

In this case we need to calculate the variable cost per unit first and then apply it to the new sale... View the full answer