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Complete the following budget statements: Original budget Flexed budget Output 600 units 450 units Sales revenue $30,000 $22,500 Direct materials ($10,000) ($7,500) ($4,500) Direct labour
Complete the following budget statements: Original budget Flexed budget Output 600 units 450 units Sales revenue $30,000 $22,500 Direct materials ($10,000) ($7,500) ($4,500) Direct labour ($6,000) Fixed overheads ($8,000) (1) Operating profit $6,000 (ii) (i) Fixed overheads $ (ii) Operating profit $
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