1. Pine Company expects to sell 800 wreaths in December 2016 but wants to plan for 225 more and 225 less than expected. The wreaths sell for $15.00 each and have variable costs of $10.00 each. Fixed costs are expected to be $1,500 for the month. Prepare a flexible budget for 575, 800, and 1,025 wreaths. Units Pine Company Flexible Budget For the Month Ended December 31, 2016 Budget Amounts per Unit 575 800 1,025

1. Pine Company expects to sell 800 wreaths in December 2016 but wants to plan for 225 more and 225 less than expected. The wreaths sell for $15.00 each and have variable costs of $10.00 each. Fixed costs are expected to be $1,500 for the month. Prepare a flexible budget for 575, 800, and 1,025 wreaths. Units Pine Company Flexible Budget For the Month Ended December 31, 2016 Budget Amounts per Unit 575 800 1,025

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 12PB: Before the year began, the following static budget was developed for the estimated sales of 50,000....

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