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Monty Possible Inc. (MP) is a manufacturer of toaster ovens. To improve control over operations, the president of MP wants to begin using a
Monty Possible Inc. (MP) is a manufacturer of toaster ovens. To improve control over operations, the president of MP wants to begin using a flexible budgeting system, rather than using only the current master budget. The following data are available for MP's expected costs at production levels of 88,200, 98,000, and 107.800 units. Variable costs Manufacturing $7 per unit Administrative 14 per unit Selling $3 per unit Fixed costs Manufacturing $156.000 Administrative $78,400 () Prepare a flexible budget for each of the possible production levels: 88.200, 98.000, and 107.800 units (List variable custs before bed costs MONTY POSSIBLE INC. Flexible Production Cost Budget
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