Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Based on predicted production of 25,100 units, a company anticipates $280,000 of fixed costs and $502,000 of variable costs. If the company actually produces 18,400

image text in transcribedimage text in transcribed

Based on predicted production of 25,100 units, a company anticipates $280,000 of fixed costs and $502,000 of variable costs. If the company actually produces 18,400 units, what are the flexible budget amounts of fixed and variable costs? ------Flexible Budget------ ------Flexible Budget at ------ Variable Amount per Unit Total Fixed Cost 25,100 units 18,400 units 20.00 Variable cost Fixed costs 502,000 280,000 782,000 Total budgeted costs $ $ 0 Required information [The following information applies to the questions displayed below.] Brodrick Company expects to produce 21,800 units for the year ending December 31. A flexible budget for 21,800 units of production reflects sales of $436,000; variable costs of $65,400; and fixed costs of $141,000. If the company instead expects to produce and sell 27,800 units for the year, calculate the expected level of income from operations. ------Flexible Budget at ------ ------Flexible Budget------ Variable Total Fixed Amount per Cost Unit 21,800 units 27,800 units Sales $ 0.00 0 $ Variable cost Contribution margin Fixed costs Income from operations

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Beginners Learn Easy And Fast Accounting Principles

Authors: Dan Wilson

1st Edition

1700199900, 978-1700199904

More Books

Students also viewed these Accounting questions