Question
Our company manufactures bird feeders. The budgeted sales price is $20 per unit, and the variable costs are $12 per unit. Budgeted fixed costs for
Our company manufactures bird feeders. The budgeted sales price is $20 per unit, and the variable costs are $12 per unit. Budgeted fixed costs for the company are $15,000. What is the budgeted amount for operating income for 5,000 bird feeders?
A) $8.00 per unit
B) $60,000
C )$25,000
D) $15,000
Our company manufactures bird feeders. The budgeted sales price is $20 per unit, and the variable costs are $12 per unit. Budgeted fixed costs for the company are $15,000. What is the budgeted amount for contribution margin for 5,000 bird feeders?
A) $8.00 Per Unit
B) $60,000
C) $40,000
D) $15,000
The actual operating income for our company for the current year was $97,000. The flexible budgeted operating income for actual sales volume was $95,000, and the static budget for operating income was $96,000. What is the static budget variance for operating income on the Flexible Budget Performance Report?
A) $2000 Favorable
B) $2000 Unfavorable
C) $1000 Favorable
D) $1000 Unfavorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started