Brodrick Company expects to produce 20,700 units for the year ending December 31. A flexible budget...
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Brodrick Company expects to produce 20,700 units for the year ending December 31. A flexible budget for 20,700 units of production reflects sales of $600,300; variable costs of $62,100: and fixed costs of $143,000. Assume that actual sales for the year are $747.600 (27.400 units), actual variable costs for the year are $113.300, and actual fixed costs for the year are $131,000. Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget Actual Results Variances Favorable Unfavorable Contributions margin If the company instead expects to produce and sell 27,400 units for the year, calculate the expected level of income from operations. Flexible Budget- Flexible Budget at Variable Amount per Unit Total Fixed Cost 27,400 units Contribution margin 20,700 units Brodrick Company expects to produce 20,700 units for the year ending December 31. A flexible budget for 20,700 units of production reflects sales of $600,300; variable costs of $62,100: and fixed costs of $143,000. Assume that actual sales for the year are $747.600 (27.400 units), actual variable costs for the year are $113.300, and actual fixed costs for the year are $131,000. Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget Actual Results Variances Favorable Unfavorable Contributions margin If the company instead expects to produce and sell 27,400 units for the year, calculate the expected level of income from operations. Flexible Budget- Flexible Budget at Variable Amount per Unit Total Fixed Cost 27,400 units Contribution margin 20,700 units
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Answer 1 Description Sales per unit cost 60030020700 Variable expenses Per unit variable c... View the full answer
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
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