Question
Amanda Manufacturing Company prepared the following static budget income statement: Revenues $ 140,250.00 Variable Costs (85,250.00) Contribution Margin 55,000.00 Fixed Costs (32,000.00) Net Income $
Amanda Manufacturing Company prepared the following static budget income statement: Revenues $ 140,250.00 Variable Costs (85,250.00) Contribution Margin 55,000.00 Fixed Costs (32,000.00) Net Income $ 23,000.00 The budgeted costs were based on a planned sales volume of 5,500 units. Actual production was 6,100 units.
What would have been the amount of net income based on a flexible budget of 6,100 units?
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Cost Accounting
Authors: William K. Carter
14th edition
759338094, 978-0759338098
