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Budgeted revenue and expenses for Jillian's Jelly Beans are as follows: Sales revenue $1.00 per bag Variable costs: Direct material .25 per bag Direct labor
Budgeted revenue and expenses for Jillian's Jelly Beans are as follows: Sales revenue $1.00 per bag Variable costs: Direct material .25 per bag Direct labor .15 per bag Marketing costs .10 per bag Fixed costs $ 50 for up to 750 bags If 750 bags are sold, budgeted net income would be:
a. | $ 325 | |
b. | $ 375 | |
c. | $ 750 | |
d. | The answer cannot be determined from the information given |
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