Prepare a flexible budgeted income for 120,000 units using the following information from a static budget for 100,000 units: Sales price Direct material per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead Variable sales and administration expenses per unit Fixed sales and administration expenses $4 90 30 15 13 75,000 25,000 30%* Тахes *of income before taxes

Prepare a flexible budgeted income for 120,000 units using the following information from a static budget for 100,000 units: Sales price Direct material per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead Variable sales and administration expenses per unit Fixed sales and administration expenses $4 90 30 15 13 75,000 25,000 30%* Тахes *of income before taxes

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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Reflector Glass Company prepared the following static budget for the year: Static Budget Units/Volume Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income/(Loss) 5,000 Per Unit $3 $15,000 1.5 7,500 7,500 3,000 $4,500 If a flexible budget is prepared at a volume of 8,500 units, calculate the amount of operating income. The production level is within the relevant range. OA. $9,750 B. $12,750 OC. $3,000 OD. $4,500
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