Blossom’s, Inc. has provided you with the following financial information:

		Budgeted		Actual
Sales Quantity		7,200		7,400
Sales price per unit		$6.50		$6.25
Variable product cost per unit		3.00		3.25
Selling expense (fixed)		4,200		7,200
Administrative expense (fixed)		16,200		15,200
Income tax expense		3,000		3,200

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Prepare a flexible budget. Sales Revenue Cost of Goods Sold Gross Profit/Loss Administrative Expenses Selling Expense Income Before Taxes Income Tax Expense Net Income/Loss BLOSSOM'S, INC. Flexible Budget 46250 24050 70300 3000 i Prepare a flexible budget. Sales Revenue Cost of Goods Sold Gross Profit/Loss Administrative Expenses Selling Expense Income Before Taxes Income Tax Expense Net Income/Loss BLOSSOM'S, INC. Flexible Budget 46250 24050 70300 3000 i

Answer rating: 100% (QA)

Note 1 In flexible budget budgeted rates are used ifor actual quantity 2 Fixe... View the full answer