Question
Jones Company developed the following static budget at the beginning of the company's accounting period: Revenue (8,000 units) $ 16,000 Variable costs 4,000 Contribution margin
Jones Company developed the following static budget at the beginning of the company's accounting period:
| Revenue (8,000 units) | $ 16,000 |
|---|---|
| Variable costs | 4,000 |
| Contribution margin | $ 12,000 |
| Fixed costs | 4,000 |
| Net income | $ 8,000 |
If actual production totals 8,200 units, the flexible budget would show total costs of:
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Essentials Of Cost Accounting For Health Care Organizations
Authors: Steven Finkler, Judith Baker, David Ward
3rd Edition
0810235447, 9780763738136
