Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 21,900 units of production shows sales of $547,500; variable costs of $55,700; and fixed costs of $142.000. QS 21-3 (Algo) Flexible budget income calculation LO P1 If the company actually produces and sells 27,100 units, calculate the flexible budget income. Contribution margin -----Flexible Budget------ Variable Amount Total Fixed per Unit Cost ------Flexible Budget at- 21,900 units 27,100 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
Use the following information for the Quick Study below. (Algo)
[The following information applies to the questions displayed below.]
The fixed budget for 21,900 units of production shows sales of $547,500; variable costs of $55,700; and fixed costs of
$142,000.
QS 21-3 (Algo) Flexible budget income calculation LO P1
If the company actually produces and sells 27,100 units, calculate the flexible budget income.
Contribution margin.
----Flexible Budget------
Variable Amount Total Fixed
per Unit
Cost
------Flexible Budget at-
21,900 units
27,100 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb92fac67-783e-4795-9388-6a69eb76385b%2Fb193815a-b362-46cf-bfbe-383a99b80bff%2F0o6w14d_processed.jpeg&w=3840&q=75)
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