Rogers Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget
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Rogers Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2500 kits was prepared for the year. Fixed operating expenses account for 75% of total operating expenses at this level of sales.
Sales revenue | $250,000 |
Cost of goods sold (all variable) | 160,000 |
Gross margin | 90000 |
Operating expenses | 60.000 |
Operating income | $ 30.000 |
Required
Prepare a flexible budget based on sales of 1,200, 3,000, and 0,000 units.
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Unit 1200 3000 4000 Sales revenue 10000 a 120000 300000 400000 Less variable expense...View the full answer
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