The fixed budget for 20,200 units of production shows sales of $545,400; variable costs of $60,600; and fixed costs of$144,000.If the company actually produces and sells 27,700 units, calculate the flexible budget income.------Flexible Budget------------Flexible Budget atVariable Amountper UnitTotal FixedCost20,200 units27,700 unitsSalesVariable costs20,200.00 $545,400 $748,95060,60083,100Contribution marginS0$484,800 $665,850Fixed costs$321,321321,321321,321Income$163,479 $344,529

Sales per UnitSales for 20,200 units = $545,400. = 545,400/20,200=27 (per unit). Variable Cost per…

Answered: The fixed budget for 20,200 units of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Required Information [The following information applies to the questions displayed below.] The fixed budget for 21,300 units of production shows sales of $489,900; variable costs of $63,900; and fixed costs of $144,000. If the company actually produces and sells 27,300 units, calculate the flexible budget Income. Contribution margin ------Flexible Budget------ Variable Amount per Unit Total Fixed Cost ------Flexible Budget at- 21,300 units 27,300 units
Required information [The following information applies to the questions displayed below.] The fixed budget for 21,400 units of production shows sales of $470,800; variable costs of $64,200; and fixed costs of $141,000. If the company actually produces and sells 27,000 units, calculate the flexible budget income. ------Flexible Budget------ ------Flexible Budget at ------ Variable Amount Total Fixed 21,400 units 27,000 units per Unit Cost Contribution margin
A fixed budget for 72,000 units of production shows $132,480 of sales, $95,040 of variable costs, and $38,120 of fixed costs Compute the flexible budget income if the company actually produces and sells 82,000 units Fixed costs Variatre costs Contribution margin Variable Amount per S 0.00 Total Fixed Gost Flexible Budget for 02,000 Unit $ $ 0
The fixed budget for 20,300 units of production shows sales of $609,000; variable costs of $60,900; and fixed costs of $141,000. If the company actually produces and sells 26,100 units, calculate the flexible budget income.
Required Information [The following information applies to the questions displayed below.] The fixed budget for 21,500 units of production shows sales of $559,000; variable costs of $64,500; and fixed costs of $142,000. If the company actually produces and sells 26,500 units, calculate the flexible budget Income. Sales Variable costs Contribution margin Fixed costs Income ------Flexible Budget-..... Variable Amount Total Fixed per Unit Cost $ 689,000 689,000 ------Flexible Budget at 21,500 units $ $ 0 0 26,500 units $ $ 0 0
! Required information [The following information applies to the questions displayed below.] The fixed budget for 21,300 units of production shows sales of $617,700; variable costs of $63,900; and fixed costs of $143,000. If the company actually produces and sells 26,800 units, calculate the flexible budget income Sales Variable costs Contribution margin Fixed costs Income ------Flexible Budget------ Variable Amount per Unit $ 0 ▶▶▶ Total Fixed Cost 21,300 units $ ------Flexible Budget at $ 0 0 26,800 units $ $ 0 0
Required information [The following information applies to the questions displayed below] The fixed budget for 21,300 units of production shows sales of $639,000. variable costs of $63,900; and fixed costs of $142,000. If the company actually produces and sells 27,700 units, calculate the flexible budget income. Flexible Budget- Flexible Budget at Variable Amount per Unit Total Fixed Cost 21,300 units 27,700 units. Contribution margin
Main,do?invoker=&takeAssignmentSessionLocator=&inprogress=false еВook Using the following budgeted information for production of 9,000 and 16,000 units, prepare a flexible budget for 17,000 units. Production 9,000 units 16,000 units Expense A $14,400 $25,600 Expense B 21,000 21,000 Expense C 45,000 #5,000 Total expenses $
Required information [The following information applies to the questions displayed below.] The fixed budget for 21,700 units of production shows sales of $455,700; variable costs of $65,100; and fixed costs of $143,000. If the company actually produces and sells 26,800 units, calculate the flexible budget income. -Flexible Budget- Flexible Budget at- Variable Amount Total Fixed per Unit Cont 26,800 units Sales Variable costs Contribution margin S 0 Fixed costs Income 21.700 units $ S 0 $ 0 S 0
F Based on predicted production of 25,000 units, a company budgets $280,000 of fixed costs and $275,000 of variable costs. If the company actually produces 19,800 units, what are the flexible budget amounts of fixed and variable costs? -----Flexible Budget------ Variable Amount per Unit Total Fixed Cost 19,800 units $ 275,000 Variable cost Fixed costs 280,000 2 W S # 3 E D $ 4 $ D R F 4 U 8 J 9 K
Muhanga Corporation sells three products: R, S, and T. Budgeted information for the upcoming accounting period follows. Product Sales Volume (Units) Selling Price Variable Cost R 17,600 $ 19 $ 13 S 13,600 15 6 T 54,800 16 10 What is the company's weighted-average unit contribution margin?
Please help me to solve this problem

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS