Question
Batty Ltd had the following budgeted and actual income statements for the month of October. Produce a flexed budget to reflect the actual business output
Batty Ltd had the following budgeted and actual income statements for the month of October.
Produce a flexed budget to reflect the actual business output in the period.
Insert the flexed budgeted figures, based on the actual output of 500 units, in the following table.
Enter whole numbers only with NO symbols or commas
|
| Budgeted | Flexed | Actual |
| Output (units) | 400 | Answer | 500 |
| Sales revenue ($) | 350000 | Answer | 455000 |
| Raw materials ($) | 20000 | Answer | 27500 |
| Labour ($) | 10000 | Answer | 13700 |
| Fixed overheads ($) | 105000 | Answer | 115000 |
| Operating profit ($) | 215000 | Answer | 298800 |
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