Bonita Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static...
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Bonita Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,500 kits was prepared for the year. Fixed operating expenses account for 75% of total operating expenses at this level of sales. Sales Revenue Cost of goods sold (all variable) Gross margin Operating expenses Operating income $ 250,000 145,000 $ 105,000 60,000 45,000 Prepare a flexible budget based on sales of 1,000, 2.820, and 3,940 units. (Round unit values to 2 decimal places eg. 15.25 and all other answers to 0 decimal places, eg. 1525. If operating income is negative, enter amounts using a negative sign preceding the number eg.-45 or parentheses eg. (45)) Sales revenue Cost of goods sold Operating expenses Contribution margin Operating income Variable expenses Fixed expenses Total variable expenses 4 parentheses e.g. (45).) eTextbook and Media Unit VA S 1,000 $ Unit $ $ SA 1,000 $ 2,820 LA 3,940 19 $ DO Bonita Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,500 kits was prepared for the year. Fixed operating expenses account for 75% of total operating expenses at this level of sales. Sales Revenue Cost of goods sold (all variable) Gross margin Operating expenses Operating income $ 250,000 145,000 $ 105,000 60,000 45,000 Prepare a flexible budget based on sales of 1,000, 2.820, and 3,940 units. (Round unit values to 2 decimal places eg. 15.25 and all other answers to 0 decimal places, eg. 1525. If operating income is negative, enter amounts using a negative sign preceding the number eg.-45 or parentheses eg. (45)) Sales revenue Cost of goods sold Operating expenses Contribution margin Operating income Variable expenses Fixed expenses Total variable expenses 4 parentheses e.g. (45).) eTextbook and Media Unit VA S 1,000 $ Unit $ $ SA 1,000 $ 2,820 LA 3,940 19 $ DO
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General Guidance Budget Budget is a quantitative estimate of the work to be performed It acts as a tool for the activities to be performed in the futu... View the full answer
Related Book For
Payroll Accounting 2017
ISBN: 978-1259572180
3rd edition
Authors: Jeanette Landin, Paulette Schirmer
Posted Date:
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