Secure, Inc. manufactures travel locks. The budgeted selling price is $24 per lock.The variable cost is $11 per lock, and budgeted fixed costs are $17,000 per month.TimAtte2HFor a flexible budget prepared for an output level of 5,000 locks, the Operating24Income isO $44,000O $48,000O $46,000O $43,000O $45,000

Operating income shows the amount a company earned as net profit from its operation.

Secure, Inc. manufactures travel locks. The budgeted selling price is $24 per lock. The variable cost is $11 per lock, and budgeted fixed costs are $17,000 per month. For a flexible budget prepared for an output level of 5,000 locks, the Operating Income is O $44,000 O $48,000 O $46,000 O $43,000 O $45,000

Secure, Inc. manufactures travel locks. The budgeted selling price is $24 per lock. The variable cost is $11 per lock, and budgeted fixed costs are $17,000 per month. For a flexible budget prepared for an output level of 5,000 locks, the Operating Income is O $44,000 O $48,000 O $46,000 O $43,000 O $45,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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