Before the year began, the following static budget was developed for the estimated sales of 100,000....
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Before the year began, the following static budget was developed for the estimated sales of 100,000. Sales are sluggish and management needs to revise its budget. Use this information to prepare a flexible budget for 80,000 and 90,000 units of sales. Flexible Budget 100,000 80,000 90,000 Sales $3,460,000 Cost of Goods Sold Direct Material Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead Cost of Goods Sold Gross Profit Variable Sales and Administrative Expenses Fixed Sales and Administrative Expenses Income Before Taxes Net Income/Loss $800,000 $ 1,100,000 250,000 70,000 $2,220,000 $ $1,240,000 $ 100,000 940,000 $200,000 $ 60,000 $140,000 Before the year began, the following static budget was developed for the estimated sales of 100,000. Sales are sluggish and management needs to revise its budget. Use this information to prepare a flexible budget for 80,000 and 90,000 units of sales. Flexible Budget 100,000 80,000 90,000 Sales $3,460,000 Cost of Goods Sold Direct Material Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead Cost of Goods Sold Gross Profit Variable Sales and Administrative Expenses Fixed Sales and Administrative Expenses Income Before Taxes Net Income/Loss $800,000 $ 1,100,000 250,000 70,000 $2,220,000 $ $1,240,000 $ 100,000 940,000 $200,000 $ 60,000 $140,000
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Units 100000 Rate per unit 80000 Rate per unit 80000 90000 Rate per unit 900... View the full answer
Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
Posted Date:
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