If the company actually produces and sells 26,300 units, calculate the flexible budget income. Sales Variable costs Contribution margin Fixed costs Income ------Flexible Budget...... Variable Amount per Unit $ 0 Total Fixed Cost 21,800 units $ ------Flexible Budget at S 0 26,300 units $ 0 S 0 0
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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Use the following information for the Quick Study below. (Algo)
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The fixed budget for 21,800 units of production shows sales of $479,600; variable costs of $65,400; and fixed costs of
$140,000.
QS 21-3 (Algo) Flexible budget income calculation LO P1
If the company actually produces and sells 26,300 units, calculate the flexible budget income.
Sales
Variable costs
Contribution margin
Fixed costs
Income
------Flexible Budget------
Variable Amount
per Unit
$
0
Total Fixed
Cost
------Flexible Budget at
21,800 units
$
$
0
0
26,300 units
$
$
0
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe70f5d76-5d3b-4f4f-8f7a-4ce6fab81e4f%2Ffeceb021-313d-42fd-9129-c55cc2c7f6b6%2Fpmlboi_processed.png&w=3840&q=75)
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