Required information [The following information applies to the questions displayed below.] The fixed budget for 21,700 units of production shows sales of $629,300; variable costs of $65,100; and fixed costs of $140,000. of the company actually produces and sells 27,500 units, calculate the flexible budget income.
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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![Required information
[The following information applies to the questions displayed below.]
The fixed budget for 21,700 units of production shows sales of $629,300; variable costs of $65,100; and fixed costs of
$140,000.
If the company actually produces and sells 27,500 units, calculate the flexible budget income.
Contribution margin
------Flexible Budget------
Variable Amount
per Unit
Total Fixed
Cost
------Flexible Budget at ------
21,700 units 27,500 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fddf00d3c-8f0f-429b-902f-a4d84cb3e60f%2F314a4d7b-0ce6-4f2f-b719-0e046fdd7cb4%2Fpfoom8k_processed.png&w=3840&q=75)
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