process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results. Actual Results 17.000 Flexible Static Budget Budget 21.000 Sales volume (in units) Sales revenues $935,000 391,000 $1,155,000 480,270 Variable costs Contribution margin 544,000 674,730 Fixed costs 275,800 $268,200 268,600 $406,130 Operating profit Required: Use the information above to prepare the flexible budget. Do not forget to indicate fvorable or unfvorable amounts. Set up your response in the spreadsheet outside of this text box.

Q: The following information pertains to the month of August. As part of the budgeting process, Shelley…

A: Flexible Budget for variable cost is calculated by multiplying budgeted variable cost per activity…

Q: Ray's cost accountant prepared the following static budget based on expected activity of 2,000 units…

A: Lets understand the basics.Costs are mainly divided into two types which are,(1) Variable cost (2)…

Q: Using the following budgeted information for production of 11,000 and 16,000 units, prepare a…

A: The costs incurred in the production are categorized as variable or fixed cost.

Q: A chair manufacturer has established the following flexible budget for the month.…

A: The total cost comprises fixed and variable costs incurred. The variable cost per unit is calculated…

Q: The actual information pertains to the month of September. As a part of the budgeting process,…

A: Static budget is that budget which does not change or this is fixed one. Static budget in business…

Q: Practice : (see attachemnt) please address parts B, C, D   please show any calculations for…

A: b. In a flexible budget, the budget instead of being fixed varies according to the actual level of…

Q: I. The actual information pertains to the month of August. As part of the budgeting pro Alloway's…

A: Solution: Preparation of flexible budget and flexible budget variances are as under:

Q: Reflector Glass Company prepared the following static budget for the year: Static Budget…

A: Solution: Budgeted contribution margin per unit = $7 - $1.50 = $5.50 per unit

Q: lushing Company to answer the question that follows. The budgeted production and sales information…

A: Lets understand the basics.Management prepares budget in order to estimate future profit and…

Q: James Manufacturing has the following information available for July:     Actual Results…

A: Solution Working note  Flexible budget variable marketing and administrative cost = 37000 -9200 =…

Q: Preparing a flexible budget performance report Cell One Technologies manufactures capacitors for…

A: Requirement 1:   Prepare a flexible budget performance report for Cell One Technologies for the…

Q: Flexible Budget for Selling and Administrative Expenses for a Service Company Digital Solutions Inc.…

A: Flexible budget is prepared to analyze the profitability of the business at different levels of…

Q: Seved Blossom, Inc. prepared the following master budget items for July: Produ tion and sales Var le…

A: Answer) Flexible Budget       Production and Sales              26,000  units…

Q: Flexible budget for assembly department Cabinaire Inc. is one of the largest manufacturers of office…

A: A flexible budget is a financial plan that estimates revenues and costs based on the production…

Q: The actual information pertains to the month of June. As part of the budgeting p developed the…

A: Budgeted selling price per unit = Static budgeted sales revenue/sales units

Q: The actual information pertains to the third quarter. As part of the budgeting process, the Duck…

A: Budgets are usually created based on past financial data and assumptions about the future. They are…

Q: Howard Cooper, the president of Finch Computer Services, needs your help. He wonders about the…

A: Budget is a predetermined taget , It is financial plan for future activity. flexible budget means…

Q: Use this information about Flushing Company to answer the question that follows. The budgeted…

A: Budgeted Sales: The sales budget of the company is the plan that estimates total revenue in a…

Q: Aaron's chairs is in the process of preparing a production cost budget for August. Actual costs in…

A:

Q: Preparing a flexible budget performance report Cell Plus Technologies manufactures capacitors for…

A:

Q: Greiner Company makes and sells high-quality glare filters for microcomputer monitors. John Craven,…

A: Requirement 1A&B: The production and direct labor budget are as follows: The resultant table is…

Q: Preparing a flexible budget and performance report This continues the Piedmont Computer Company…

A: Flexible Budget: A flexible budget is a budget that is prepared for different levels of the output.…

Q: Generating a Flexible Budget; Spreadsheet Application Crane Corporation’s master (static)budget for…

A: Flexible Budget: The flexible budget is also known as the 'Variable budget' is a useful accounting…

Q: The Crockery Pottery Company completed the flexible budget analysis for the second quarter, which is…

A: Sales volume variance  = (Actual Units Sold — Budgeted Units Sold) x Price per unit

Q: Problem 21-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 1&2. Prepare flexible…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Use the information below for Flushing Company to answer the question that follow. Below is budgeted…

A: A budget is prepared to estimate the future revenues and expenses for a particular period of time.

Q: Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible…

A:

Q: Reflector Glass Company prepared the following static budget for the year: Static Budget…

A: a. 9,750Explanation:Sales revenue = 8,500 x 3 per unit = 25,500 Total VC = 8,500 x 1.5 per unit =…

Q: The flexible budget will report for fixed costs.

A: Solution Concept Flexible budget is a budget in which the variable cost is adjusted on the basis of…

Q: The actual information pertains to the third quarter. As part of the budgeting​ process, the Duck…

A: Flexible budget is that type of budget which changes along with change in sales activity level. This…

Q: Print Item The Operating Budgets: Marketing and Administrative Expense Budgets The marketing expense…

A: MARKETING & ADMINISTRATIVE EXPENSEMarketing & Administrative Expense Budgeting is the…

Q: The following dashboard shows information from a company's fixed budget for 12,000 units of…

A: FLEXIBLE BUDGETA flexible budget is a budget that is prepared for different levels of activity or…

Q: A. Parkson Limited has produced an overhead budget for next year based on two levels of activity,…

A: Parkson Limited has budgeted overhead for next year based on two levels i.e., 5000 units and 8000…

Q: Cullumber's, Inc. has provided you with the following financial information: Budgeted Actual Sales…

A: Budgeting can be termed as estimation of revenue and expenses that can happen in a future. In simple…

Q: The actual information pertains to the third quarter. As part of the budgeting process, the Duck…

A: Static budget of variable cost for 19000 units = $185,000

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.