The fixed budget for 20,000 units of production shows sales of $400,000; variable costs of $80,000; and

Question:

The fixed budget for 20,000 units of production shows sales of $400,000; variable costs of $80,000; and fixed costs of $150,000. If the company actually produces and sells 26,000 units, calculate the flexible budget income.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamental Accounting Principles

ISBN: 9781260247985

25th Edition

Authors: John J Wild, Ken Shaw

See More Books

Question Posted: Oct 28, 2021 03:01 AM

See More Questions

The fixed budget for 21,600 units of production shows sales of $432.000; variable costs of $64,800; and fixed costs of $142,000. QS 21-3 (Algo) Flexible budget income calculation LO P1 If the company...
The flexible budget formula is fixed costs $50,000 plus variable costs of $4 per direct labor hour. What is the total budgeted cost at (a) 9,000 hours and (b) 12,345 hours?
Describe a suitable method for estimating the performance of a heat exchanger in the 2 shell, 4 tube pass configuration, and explain why this is required. A counter- current heat exchanger of this...
Adjusting and Closing Presented on the next page is the trial balance of the Crestwood Golf Club, Inc. as of December 31. The books are closed annually on December 31. Instructions (a) Enter the...
A nitrogen line, 300 K and 0.5 MPa, shown in Fig. P6.119, is connected to a turbine that exhausts to a closed initially empty tank of 50 m3. The turbine operates to a tank pressure of 0.5 MPa, at...
Prepare a Pro Forma Income Statement Net Sales = 2,938 COGS = 1,598 SG&A = 475 Depreciation = 45 Interest Exp = 32 Tax = 15%. Net Sales Cost Of Goods Sold Gross Profit Selling & Admin Exp...
E3-4 Correction of consolidated net income Liong Corporation paid $2,500,000 in cash for an 80 percent interest in Taro Corporation on January 1, 2016, when the book value of Taros net assets was...
A continuous distillation unit, consisting of a perforated-tray column together with a partial reboiler and a total condenser, is to be designed to operate at atmospheric pressure to separate ethanol...
Bed & Bath, a retailing company, has two departments-Hardware and Linens. The company's most recent monthly contribution format income statement follows: Sales Variable expenses Contribution margin...
Arctic Air Inc. manufactures cooling units for commercial buildings. The price and cost of goods sold for each unit are as follows: Price............................$60,000 per unit Cost of goods...
Samsung offers sales price discounts on some products. Samsung can use sales variance analysis to assess the effects of these sales discounts. Assumed data for one model of a Samsung television...
Apple and Google use historical sales growth rates in estimating future sales. Data below are for one product segment for each company (Apple: iPhone; and Google: Apps, Hardware, and Cloud services)....
The emphasis has moved from training to learning, with individuals taking ownership of identifying and addressing their own learning needs, or at least contributing to this. To be effective learners...
The four classic leadership styles There are four leadership styles which are prominent in today's businesses and companies. They are Laissez-faire, Autocratic, Democratic, and Charismatic...
How can conflict be viewed positively? Cite a specific example of when this might be the case. Under what circumstances might "avoiding" conflict be "managing" conflict? In other words, when might...
Visit the website and answer the questions below. https://www.forbes.com/advisor/business/software/best-crm-small-business/ Based on the CRM software discussed in the article, which 3 software...
Planning consists of translating and organizations mission and vision into objectives. The organization's purpose is expressed as a mission statement, and what it becomes is expressed as a vision...
Question 1- Visit the Boots and Hearts Festival website: www.bootsandhearts.com. Using the information you find on the site, make an analysis of the festival's Strengths, Weaknesses, Opportunities...
Rudd Clothiers is a small company that manufactures tall-mens suits. The company has used a standard cost accounting system. In May 2020, 11,250 suits were produced. The following standard and actual...
The power company must generate 100 kW in order to supply an industrial load with 94 kW through a transmission line with 0.09  resistance. If the load power factor is 0.83 lagging, find the...
What are organization expenses? Provide examples.
Who is responsible for directing a corporations affairs?
Who is responsible for directing a corporations affairs?
Callaho Inc. began operations on January 1 , 2 0 1 8 . Its adjusted trial balance at December 3 1 , 2 0 1 9 and 2 0 2 0 is shown below. Other information regarding Callaho Inc. and its activities...
Required: 1. Complete the following: a. Colnpute the unit product cost under absorption costing. b. What is the company's absorption costing net operating income (loss) for the quarter? c. Reconcile...
Bond Valuation with Semiannual Payments Renfro Rentals has issued bonds that have an 8% coupon rate, payable semiannually. The bonds mature in 6 years, have a face value of $1,000, and a yield to...

The fixed budget for 20,000 units of production shows sales of $400,000; variable costs of $80,000; and

Question:

Step by Step Answer:

Compute the sales price and variable costs per unit at 20000 units Sa...View the full answer

Fundamental Accounting Principles

Students also viewed these Business questions