Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead. Marketing Administrative Total fixed costs Operating profits Required: Prepare a flexible budget for Fournier Fixtures. cual (based on actual orders for 436,800 units) $8,299,200 2,692,800 246,000 1,256,800 892,000 $ 5,087,600 $3,211,600 1,704,000 638,200 444,000 $ 2,786,200 $ 425,400 budgeted for 390,000 units) $ 7,800,000 2,390,000 226,000 1,114,000 802,000 $4,532,000 $ 3,268,000 1,740,000 620,000 485,000 $ 2,845,000 $ 423,000
Sales revenue Less Variable costs Materials Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin Less Fixed costs Manufacturing overhead. Marketing Administrative Total fixed costs Operating profits Required: Prepare a flexible budget for Fournier Fixtures. cual (based on actual orders for 436,800 units) $8,299,200 2,692,800 246,000 1,256,800 892,000 $ 5,087,600 $3,211,600 1,704,000 638,200 444,000 $ 2,786,200 $ 425,400 budgeted for 390,000 units) $ 7,800,000 2,390,000 226,000 1,114,000 802,000 $4,532,000 $ 3,268,000 1,740,000 620,000 485,000 $ 2,845,000 $ 423,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please do not give solution in image format thanku
Transcribed Image Text:Prepare a flexible budget for Fournier Fixtures.
Note: Do not round intermediate calculations.
Sales revenue
Variable costs:
Materials
Direct labor
Variable overhead
Variable marketing and administrative
Total variable costs
Contribution margin
Fixed costs:
Manufacturing overhead
Fournier Fixtures
Flexible Budget
Marketing
Administrative
Total fixed costs
Operating profit
Transcribed Image Text:Fournier Fixtures produces a variety of manufactured items for the home and building industry. The company produces only when it
receives orders and, therefore, has no inventories. The following information is available for the current month:
Sales revenue
Less
Variable costs
Materials
Direct labor
Variable overhead
Variable marketing and administrative
Total variable costs
Contribution margin
Less
Fixed costs
Manufacturing overhead
Marketing
Administrative
Total fixed costs
Operating profits
Required:
Prepare a flexible budget for Fournier Fixtures.
Note: Do not round intermediate calculations.
Actual (based on
actual orders for
436,800 units)
$ 8,299,200
2,692,800
246,000
1,256,800
892,000
$ 5,087,600
$3,211,600
1,704,000
638,200
444,000
$ 2,786,200
$ 425,400
Master Budget
(based on
budgeted orders
for 390,000
units)
$ 7,800,000
2,390,000
226,000
1,114,000
802,000
$ 4,532,000
$3,268,000
1,740,000
620,000
485,000
$ 2,845,000
$ 423,000
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