4. Games Corp. expected to sell 150,000O board games for July. Its masterbudget related to the sale and production of these items is presented below:RevenueP 480.000Cost of Goods SoldDirect Materials135,000Direct Labor60,000Variable overhead90,000Contribution Margin195,000Fixed Overhead50,000Fixed Selling and Administrative100,000Operating IncomeP 45,0004. July's sales registered at 180,000 board games. Using a flexible budgethe company expects the operating income for the month of July to be:

Name: 4. Games Corp. expected to sell 150,000O board games for July. Its ma
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Description: 4. Games Corp. expected to sell 150,000O board games for July. Its masterbudget related to the sale and production of these items is presented below:RevenueP 480.000Cost of Goods SoldDirect Materials135,000Direct Labor60,000Variable overhead90,000Co

Budgets are forecasts made to estimate the expenses and incomes that might occur int future periods.…

Business

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4. Games Corp. expected to sell 150,000 board games for July. Its master budget related to the sale and production of these items is presented below: Revenue P 480.000 Cost of Goods Sold Direct Materials 135,000 Direct Labor 60,000 Variable overhead Contribution Margin 90,000 195,000 Fixed Overhead 50,000 Fixed Selling and Administrative Operating Income 100,000 P 45,000

4. Games Corp. expected to sell 150,000 board games for July. Its master budget related to the sale and production of these items is presented below: Revenue P 480.000 Cost of Goods Sold Direct Materials 135,000 Direct Labor 60,000 Variable overhead Contribution Margin 90,000 195,000 Fixed Overhead 50,000 Fixed Selling and Administrative Operating Income 100,000 P 45,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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