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 ------ Total Fixed Cost 25,100 units Variable Amount per Unit $ 20.00 18,400 units 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. 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 Variable cost Contribution margin Fixed costs Income from operations 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. Assume that actual sales for the year are $510,000 (27,800 units), actual variable costs for the year are $113,600, and actual fixed costs for the year are $134,000. Prepare a flexible budget performance report for the year. BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget Actual Results Variances Favorable) Unfavorable Sales Variable expenses Contribution margin Fixed expenses Income from operations 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 ------ Total Fixed Cost 25,100 units Variable Amount per Unit $ 20.00 18,400 units 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. 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 Variable cost Contribution margin Fixed costs Income from operations 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. Assume that actual sales for the year are $510,000 (27,800 units), actual variable costs for the year are $113,600, and actual fixed costs for the year are $134,000. Prepare a flexible budget performance report for the year. BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget Actual Results Variances Favorable) Unfavorable Sales Variable expenses Contribution margin Fixed expenses Income from operations
