### Fixed Budget Report #### For Year Ended December 31, 2019 --- #### Sales - **Sales** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,000,000 --- #### Cost of Goods Sold - **Direct materials** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $975,000 - **Direct labor** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $225,000 - **Machinery repairs (variable cost)** . . . . . . . . . . . . . . . . . $60,000 - **Depreciation—Plant equipment (straight-line)** . . . . . $300,000 - **Utilities ($45,000 is variable)** . . . . . . . . . . . . . . . . . . . . . . $195,000 - **Plant management salaries** . . . . . . . . . . . . . . . . . . . . . $200,000 --- - **Total Cost of Goods Sold** . . . . . . . . . . . . . . . . . . . . . . . $1,955,000 --- #### Gross Profit - **Gross profit** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,045,000 --- #### Selling Expenses - **Packaging** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $75,000 - **Shipping** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $105,000 - **Sales salary (fixed annual amount)** . .
### Fixed Budget Report #### For Year Ended December 31, 2019 --- #### Sales - **Sales** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,000,000 --- #### Cost of Goods Sold - **Direct materials** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $975,000 - **Direct labor** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $225,000 - **Machinery repairs (variable cost)** . . . . . . . . . . . . . . . . . $60,000 - **Depreciation—Plant equipment (straight-line)** . . . . . $300,000 - **Utilities ($45,000 is variable)** . . . . . . . . . . . . . . . . . . . . . . $195,000 - **Plant management salaries** . . . . . . . . . . . . . . . . . . . . . $200,000 --- - **Total Cost of Goods Sold** . . . . . . . . . . . . . . . . . . . . . . . $1,955,000 --- #### Gross Profit - **Gross profit** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,045,000 --- #### Selling Expenses - **Packaging** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $75,000 - **Shipping** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $105,000 - **Sales salary (fixed annual amount)** . .
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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- Test your template for 15,000 units sales volume to see if you get the same income as stated above
** attached image
Transcribed Image Text:### Fixed Budget Report
#### For Year Ended December 31, 2019
---
#### Sales
- **Sales** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,000,000
---
#### Cost of Goods Sold
- **Direct materials** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $975,000
- **Direct labor** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $225,000
- **Machinery repairs (variable cost)** . . . . . . . . . . . . . . . . . $60,000
- **Depreciation—Plant equipment (straight-line)** . . . . . $300,000
- **Utilities ($45,000 is variable)** . . . . . . . . . . . . . . . . . . . . . . $195,000
- **Plant management salaries** . . . . . . . . . . . . . . . . . . . . . $200,000
---
- **Total Cost of Goods Sold** . . . . . . . . . . . . . . . . . . . . . . . $1,955,000
---
#### Gross Profit
- **Gross profit** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,045,000
---
#### Selling Expenses
- **Packaging** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $75,000
- **Shipping** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $105,000
- **Sales salary (fixed annual amount)** . .
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