The fixed budget for 21,900 units of production shows sales of $481,800; variable costs of $65,700; and fixed costs of $141,000. QS 21-3 (Algo) Flexible budget income calculation LO P1 If the company actually produces and sells 26,600 units, calculate the flexible budget income. Sales Variable costs Contribution margin Fixed costs Income ------Flexible Budget------ Variable Amount per Unit $ 3 23 Total Fixed Cost ------Flexible Budget at ------ 26,600 units 21,900 units $ $ 0 $ 0 $ 0 0

The fixed budget for 21,900 units of production shows sales of $481,800; variable costs of $65,700; and fixed costs of $141,000. QS 21-3 (Algo) Flexible budget income calculation LO P1 If the company actually produces and sells 26,600 units, calculate the flexible budget income. Sales Variable costs Contribution margin Fixed costs Income ------Flexible Budget------ Variable Amount per Unit $ 3 23 Total Fixed Cost ------Flexible Budget at ------ 26,600 units 21,900 units $ $ 0 $ 0 $ 0 0

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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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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Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 20,900 units of production shows sales of $564,300; variable costs of $62,700; and fixed costs of $143,000. QS 21-3 (Algo) Flexible budget income calculation LO P1 If the company actually produces and sells 26,400 units, calculate the flexible budget income. Sales Variable costs Contribution margin Fixed costs Income ----Flexible Budget- Variable Amount per Unit $ 0 Total Fixed Cost 20,900 units $ Flexible Budget at $ 26,400 units OS 0$ 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
Note: for credit you must show your calculations for this problem. The Magenta Company has provided the following information:Planned Production: 220,000 UnitsActual Production: 250,000 Units Selling price per unit $4.00Variable cost per unit $2.00Total fixed costs $220,000What is the Budgeted Net Operating Income using a Flexible Budget Methodology? View keyboard shortcuts EditViewInsertFormatToolsTable 12pt Paragraph
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
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Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 21,300 units of production shows sales of $511,200; variable costs of $63,900; and fixed costs of $142,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 26,000 units at $576,000. Actual variable costs were $113,900 and actual fixed costs were $136,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Contribution margin Flexible Budget Performance Report Flexible Budget Actual Results Variances Favorable/ Unfavorable