Required information [The following information applies to the questions displayed below] The fixed budget for 21,100 units of production shows sales of $569,700, variable costs of $63,300, and fixed costs of $143,000 If the company actually produces and sells 27,600 units, calculate the flexible budget income. Contribution margin ---Flexible Budget---- Variable Amount per Unit Total Fixed Cost ----Flexible Budget at 21,100 units 27,600 units
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.
Please do not give solution in image format thanku
![Required information
[The following information applies to the questions displayed below]
The fixed budget for 21,100 units of production shows sales of $569,700, variable costs of $63,300, and fixed costs of
$143,000
If the company actually produces and sells 27,600 units, calculate the flexible budget income.
Contribution margin
----Flexible Budget----
Variable Amount
per Unit
Total Fixed
Cost
----Flexible Budget at
21,100 units
27,600 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4cf9133d-2dd4-45f6-b833-be7167a81438%2F6c3aed84-3cde-4a62-9e64-61ccb6f06ca2%2Fmcuua0fp_processed.jpeg&w=3840&q=75)
Step by step
Solved in 3 steps
