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4.4 Prepare a direct labor budget for each of the upcoming five years. Labor = $8

4.4 Prepare a direct labor budget for each of the upcoming five years. Labor = $8

FINANCIAL ACCOUNTING
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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4.4 Prepare a direct labor budget for each of the upcoming five years.

Labor = $8

Years Sales Volume: Revenues ($100) Variable Costs ($60)) Contribution Margin Fixed Costs Operating Income 2023 4000 400,000 240,000 $120,000 2024 $40,000 5000 500,000 300,000 2025 $0 6000 $160,000 $200,000 $240,000 600,000 360,000 $0 $200,000 $240,000 2026 7000 700,000 420,000 $0 2027 $280,000 8000 800,000 $280,000 $320,000 480,000 $0 $320,000
Transcribed Image Text:Years Sales Volume: Revenues ($100) Variable Costs ($60)) Contribution Margin Fixed Costs Operating Income 2023 4000 400,000 240,000 $120,000 2024 $40,000 5000 500,000 300,000 2025 $0 6000 $160,000 $200,000 $240,000 600,000 360,000 $0 $200,000 $240,000 2026 7000 700,000 420,000 $0 2027 $280,000 8000 800,000 $280,000 $320,000 480,000 $0 $320,000
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