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Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Required: Prepare a flexible budget for Fournier Fixtures. Note: Do not round intermediate calculations. Sales revenue LI Fournier Fixtures Flexible Budget Master Budget (based on Actual (based on budgeted orders actual orders for for 385,000 431,200 units) units) $ 8,192,800 $ 7,700,000 2,681,200 244,000 1,247,200 888,000 $ 5,060,400 $ 3,132,400 1,686,000 617,800 426,000 $ 2,729,800 $ 402,600 2,380,000 224,000 1,106,000 798,000 $ 4,508,000 $ 3,192,000 1,720,000 600,000 465,000 $ 2,785,000 $ 407,000

Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Required: Prepare a flexible budget for Fournier Fixtures. Note: Do not round intermediate calculations. Sales revenue LI Fournier Fixtures Flexible Budget Master Budget (based on Actual (based on budgeted orders actual orders for for 385,000 431,200 units) units) $ 8,192,800 $ 7,700,000 2,681,200 244,000 1,247,200 888,000 $ 5,060,400 $ 3,132,400 1,686,000 617,800 426,000 $ 2,729,800 $ 402,600 2,380,000 224,000 1,106,000 798,000 $ 4,508,000 $ 3,192,000 1,720,000 600,000 465,000 $ 2,785,000 $ 407,000

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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Required: Prepare a flexible budget for Fournier Fixtures. Note: Do not round intermediate calculations. Sales revenue Variable costs: Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Fournier Fixtures Flexible Budget Manufacturing overhead Marketing Administrative Total fixed costs Operating profit
Transcribed Image Text:Required: Prepare a flexible budget for Fournier Fixtures. Note: Do not round intermediate calculations. Sales revenue Variable costs: Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Fixed costs: Fournier Fixtures Flexible Budget Manufacturing overhead Marketing Administrative Total fixed costs Operating profit
Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Mc Graw Hill Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Required: Prepare a flexible budget for Fournier Fixtures. Note: Do not round intermediate calculations. Sales revenue Vedati k Fournier Fixtures Flexible Budget Master Budget (based on Actual (based on budgeted orders actual orders for for 385,000 431,200 units) units) $ 8,192,800 $ 7,700,000 < Prev 2,681,200 244,000 1,247,200 888,000 $ 5,060,400 $ 3,132,400 1,686,000 617,800 426,000 $ 2,729,800 $ 402,600 3 of 10 H HH 2,380,000 224,000 1,106,000 798,000 $ 4,508,000 $ 3,192,000 1,720,000 600,000 465,000 $ 2,785,000 $ 407,000 Next > MAY
Transcribed Image Text:Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Mc Graw Hill Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead Marketing Administrative Total fixed costs Operating profits Required: Prepare a flexible budget for Fournier Fixtures. Note: Do not round intermediate calculations. Sales revenue Vedati k Fournier Fixtures Flexible Budget Master Budget (based on Actual (based on budgeted orders actual orders for for 385,000 431,200 units) units) $ 8,192,800 $ 7,700,000 < Prev 2,681,200 244,000 1,247,200 888,000 $ 5,060,400 $ 3,132,400 1,686,000 617,800 426,000 $ 2,729,800 $ 402,600 3 of 10 H HH 2,380,000 224,000 1,106,000 798,000 $ 4,508,000 $ 3,192,000 1,720,000 600,000 465,000 $ 2,785,000 $ 407,000 Next > MAY
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