Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need help Brodrick Company expects to produce 20,700 units for the year ending December 31. A flexible budget for 20,700 units of production reflects

i need help image text in transcribed
image text in transcribed
Brodrick Company expects to produce 20,700 units for the year ending December 31. A flexible budget for 20,700 units of production reflects sales of $517,500; variable costs of $62,100; and fixed costs of $140,000. If the company instead expects to produce and sell 27,300 units for the year, calculate the expected level of income from operations. Flexible Budget at -Flexible Budget Variable Cost Unit Amount per Total Fixed 20,700 units 27,300 units Contribution margin $ 0.00 0 OS 0 Brodrick Company expects to produce 20,700 units for the year ending December 31. A flexible budget for 20,700 units of production reflects sales of $517,500; variable costs of $62,100; and fixed costs of $140,000. Assume that actual sales for the year are $635,500 (27,300 units), actual variable costs for the year are $113,600, and actual fixed costs for the year are $131,000. 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 Contribution margin 0 0 0 $

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

Step: 3

blur-text-image

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

Auditing And Financial Management Federal Information System Controls Audit Manual

Authors: U.S. Government Accountability Office

1st Edition

1289168172, 978-1289168179

More Books

Students also viewed these Accounting questions

Question

What is job enlargement ?

Answered: 1 week ago

Question

what is the most common cause of preterm birth in twin pregnancies?

Answered: 1 week ago

Question

Which diagnostic test is most commonly used to confirm PROM?

Answered: 1 week ago

Question

What is the hallmark clinical feature of a molar pregnancy?

Answered: 1 week ago