Required Information [The following information applies to the questions displayed below.] The fixed budget for 21,300 units of production shows sales of $489,900; varlable costs of $63,900; and fixed costs of $144,000. If the company actually produces and sells 27,300 units, calculate the flexible budget Income. Contribution margin. -----Flexible Budget------ Variable Amount per Unit Total Fixed Cost ------Flexible Budget at- 21,300 units 27,300 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.
![Required Information
[The following information applies to the questions displayed below.]
The fixed budget for 21,300 units of production shows sales of $489,900; variable costs of $63,900; and fixed costs of
$144,000.
If the company actually produces and sells 27,300 units, calculate the flexible budget Income.
Contribution margin
------Flexible Budget------
Variable Amount
per Unit
Total Fixed
Cost
------Flexible Budget at-
21,300 units 27,300 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcb3ad3ae-ff5d-4c19-9da1-80442e856ba1%2F03115ea1-e129-4409-b46a-c1a9ed627cc0%2Fgh59axq_processed.jpeg&w=3840&q=75)
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