The fixed budget for 20,300 units of production shows sales of $466,900; variable costs of $60,900;...

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The fixed budget for 20,300 units of production shows sales of $466,900; variable costs of $60,900; and fixed costs of $144,000. QS 21-3 (Algo) Flexible budget income calculation LO P1 If the company actually produces and sells 27,800 units, calculate the flexible budget income. Answer is complete but not entirely correct. ------Flexible Budget------ ------Flexible Budget at Variable Amount per Total Fixed Cost 20,300 units 27,800 units Unit Sales Variable costs 23 $ 3 466,900 $ 621,000 (60,900) (81,000) Contribution margin $ 20 $ 406,000 $ 540,000 Fixed costs $ (144,000) (144,000) (144,000) Income $ 262,000 $ 396,000 The fixed budget for 20,300 units of production shows sales of $466,900; variable costs of $60,900; and fixed costs of $144,000. QS 21-3 (Algo) Flexible budget income calculation LO P1 If the company actually produces and sells 27,800 units, calculate the flexible budget income. Answer is complete but not entirely correct. ------Flexible Budget------ ------Flexible Budget at Variable Amount per Total Fixed Cost 20,300 units 27,800 units Unit Sales Variable costs 23 $ 3 466,900 $ 621,000 (60,900) (81,000) Contribution margin $ 20 $ 406,000 $ 540,000 Fixed costs $ (144,000) (144,000) (144,000) Income $ 262,000 $ 396,000

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Answer To calculate the flexible budget income we need to determine the total sales total variable c... View the full answer