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

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Finch Company produces two products. Budgeted annual income statements for the two products are provided as follows. Sales Variable cost Contribution margin Fixed cost Net income Budgeted Number 300 300 300 Required A Required B Per Unit @$580 @320 @260 Power Relative percentage for Power Relative percentage for Lite c. Calculate the break-even point in total number of units. d. Determine the number of units of each product Finch must sell to break even. Required: a. Based on budgeted sales, determine the relative sales mix between the two products. b. Determine the weighted-average contribution margin per unit. Budgeted Amount = $174,000 = (96,000) = 78,000 (14,000) $64,000 e. Verify the break-even point by completing the following income statement. f. Determine the margin of safety based on the combined sales of the two products. X Answer is not complete. Complete this question by entering your answers in the tabs below. Budgeted Number 700 700 700 Required C Required D Required E…

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