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Rich & Sweet Candy Company budgeted to produce and sell 5,000 units with its static master budget contribution margin income statement consisting of the following: $90,000 50,000 20,000 Sales revenue Total variable costs Total fixed costs The actual units produced and sold was 20% higher than it had budgeted. In preparing its flexible budget to compare to the master budget's contribution margin income statement, what would the flexible budget's contribution margin equal?

Rich & Sweet Candy Company budgeted to produce and sell 5,000 units with its static master budget contribution margin income statement consisting of the following: $90,000 50,000 20,000 Sales revenue Total variable costs Total fixed costs The actual units produced and sold was 20% higher than it had budgeted. In preparing its flexible budget to compare to the master budget's contribution margin income statement, what would the flexible budget's contribution margin equal?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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QUESTION 10 Rich & Sweet Candy Company budgeted to produce and sell 5,000 units with its static master budget contribution margin income statement consisting of the following: $90,000 50,000 20,000 Sales revenue Total variable costs Total fixed costs The actual units produced and sold was 20% higher than it had budgeted. In preparing its flexible budget to compare to the master budget's contribution margin income statement, what would the flexible budget's contribution margin equal?
Transcribed Image Text:QUESTION 10 Rich & Sweet Candy Company budgeted to produce and sell 5,000 units with its static master budget contribution margin income statement consisting of the following: $90,000 50,000 20,000 Sales revenue Total variable costs Total fixed costs The actual units produced and sold was 20% higher than it had budgeted. In preparing its flexible budget to compare to the master budget's contribution margin income statement, what would the flexible budget's contribution margin equal?
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