In Chapter 08, we learned about Flexible Budgets.

Using the FLEXIBLE BUDGET sample in Chapter 08, , Section 8.1.2, Exhibit 8-3, as your guide, create a flexible budget with two levels of activity.

At a minimum, each level of activity in your budget should have: Sales, Variable Costs, Contribution Margin, Fixed Costs, Operating Income.

This is worth 15 points overall, 7.5 points for each level of activity.

When your file is ready to submit, click on "Graded: Learning Unit 3, Ch 08 Flexible Budget" above.

In the next screen, attach your file or type your submission in the space provided. If attaching a file, your submission must be in one of the following formats: Excel, Word or PDF.

Begin a few days prior to the deadline so you can contact your instructor with questions.

8.1.2: Performance Reports Using Flexible Budgets For the Year Ended December 31, 2025 Budget Amounts per Unit Units (Batches of 100) Sales Revenue 48,000 $ 7.50 $ 360,000 50,000 52,000 $ 375,000 $390,000 Variable Costs: 1.75 3.00 84,000 144,000 36,000 87,500 150,000 37,500 91,000 156,000 39,000 0.75 5% of sales 18,000 18,750 Manufacturing: Direct Materials Direct Labor Variable Overhead Selling and Administrative: Supplies Total Variable costs Contribution Margin Fixed Costs: Manufacturing Selling and Administrative Total Fixed Costs Operating Income 282,000 78,000 293,750 81,250 19,500 305,500 84,500 25,000 22,500 25,000 25,000 22,500 22,500 47,500 47,500 $ 33,750 $ 37,000 47,500 $ 30,500