Tamarisk was about to close the books on the company's second year of business. Things had...
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Tamarisk was about to close the books on the company's second year of business. Things had gone well, but not quite as well as the company had planned. Management had expected sales volume to be 25,100 units, compared to actual sales of 23,500 units. The company's budgeted information is as follows. Selling price DM cost DL cost Variable-MOH cost Fixed-MOH costs Fixed SG&A costs $24.00 per unit $5.20 per unit $4.80 per unit $1.90 per unit $159,500.00 $112,700.00 Prepare a master budget and a flexible budget for the company. Sales volume Sales Variable costs: DM DL Variable-MOH Fixed costs: Fixed-MOH Fixed SG&A Per Unit Operating income $24.00 Contribution margin $12.10 5.20 4.80 1.90 $ $ Flexible Budget 23,500 $ Master Budget 25,100 Tamarisk was about to close the books on the company's second year of business. Things had gone well, but not quite as well as the company had planned. Management had expected sales volume to be 25,100 units, compared to actual sales of 23,500 units. The company's budgeted information is as follows. Selling price DM cost DL cost Variable-MOH cost Fixed-MOH costs Fixed SG&A costs $24.00 per unit $5.20 per unit $4.80 per unit $1.90 per unit $159,500.00 $112,700.00 Prepare a master budget and a flexible budget for the company. Sales volume Sales Variable costs: DM DL Variable-MOH Fixed costs: Fixed-MOH Fixed SG&A Per Unit Operating income $24.00 Contribution margin $12.10 5.20 4.80 1.90 $ $ Flexible Budget 23,500 $ Master Budget 25,100
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Expected sales 25100 Actual sales 23500 Operating income Contribution margin Fixed Co... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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