Am. 114. The fixed budget for 21,800 units of production shows sales of $501,400; variable costs of$65,400; and fixed costs of $141,000.If the company actually produces and sells 27,500 units, calculate the flexible budget income.......Flexible Budget--------Flexible Budget atSalesVariable costsContribution marginFixed costsIncomeVariable Amountper UnitTotal FixedCost21,800 units 27,500 units69$00 $0S0 $0

Approach to solving the question: To solve this question, follow these steps: 1. Calculate Variable…

Answered: The fixed budget for 21,800 units of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 15EA: Cold X, Inc. uses this information when preparing their flexible budget: direct materials of $2 per...

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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
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