Corp used the following data for the year. Its actual and budgeted selling price is $18 per unit. Actual Static Budget units sold 41,000 units. 40,000 variable costs $164,000. $156,000 fixed costs $46,000 $48,000 If Corp had known ahead of time (when making its static budget for the year) that it would actually sell 41,000 units, what would it have budgeted/estimated its operating income to be? In other words, what is the flexible budget amount for operating income?

Corp used the following data for the year. Its actual and budgeted selling price is $18 per unit. Actual Static Budget units sold 41,000 units. 40,000 variable costs $164,000. $156,000 fixed costs $46,000 $48,000 If Corp had known ahead of time (when making its static budget for the year) that it would actually sell 41,000 units, what would it have budgeted/estimated its operating income to be? In other words, what is the flexible budget amount for operating income?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 12PA: Before the year began, the following static budget was developed for the estimated sales of 100,000....

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