[The following information applies to the questions displayed below.] The fixed budget for 20,500 units of production shows sales of $574,000; variable costs of $61,500; and fixed costs of $142,000. If the company actually produces and sells 28,000 units, calculate the flexible budget income. Contribution margin -Flexible Budget- Variable Amount per Unit Total Fixed Cost ----Flexible Budget at- 20,500 units 28,000 units
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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[The following information applies to the questions displayed below.]
The fixed budget for 20,500 units of production shows sales of $574,000; variable costs of $61,500; and fixed costs of
$142,000.
If the company actually produces and sells 28,000 units, calculate the flexible budget income.
Contribution margin
Flexible Budget------
Variable Amount
per Unit
Total Fixed
Cost
---Flexible Budget at
20,500 units 28,000 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F174ee520-6e06-4abc-bf8d-bf6b3f400528%2Fa3fbe249-daf6-4c8e-8c33-2011f6b03ad1%2Fbhnr8y_processed.jpeg&w=3840&q=75)
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