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I was hoping to get assistance in this assignment please see attached Assessment 3 Part 1: Preparing a Flexible Budget Using the following per-unit and
I was hoping to get assistance in this assignment please see attached
Assessment 3 Part 1: Preparing a Flexible Budget Using the following per-unit and total amounts, prepare a flexible budget at the 14,000-,15,000-, and 16,000-unit lev of production and sales for Central Manufacturing Company. To do so, be sure to apply budgeting process general principles, compute all of the components of a flexible budget, and determine the correct factory overhead. Item Selling price per unit Amounts 85.00 Direct materials per unit Direct labor per unit 25.50 7.75 Variable factory overhead per unit 16.00 Fixed factory overhead Variable selling and administrative expense per unit 87,000.00 13.00 Fixed selling and administrative expense 95,000.00 Sales Less variable costs: Direct materials Direct labor Variable factory overhead Variable selling and administrative expense Contribution margin Less fixed costs: Fixed factory Overhead Fixed selling and administrative Expense Operating income 14,000 units 15,000 units $1,190,000 $1,275,000 ,15,000-, and 16,000-unit levels budgeting process general ct factory overhead. 16,000 units $1,360,000Step by Step Solution
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