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Potted Plants, a manufacturer of indoor gardening equipment, has presented the following budgetary and actual information about their latest product innovation, the Total Home Control
Potted Plants, a manufacturer of indoor gardening equipment, has presented the following budgetary and actual information about their latest product innovation, the Total Home Control system. It's a complete package that allows aspiring gardeners in northern climates to grow small vegetable gardens in basements on a year round basis.
Planning Budget | Actual Results | |
Quantity | 1835 | 1762 |
Sales | $157287 | $183013 |
Materials - Variable | 27781 | 25735 |
Labor - Variable | 34626 | 34374 |
Labor - Fixed | 26537 | 26808 |
Overhead - Variable | 18675 | 19706 |
Overhead - Fixed | 8591 | 10169 |
Delivery - Variable | 8861 | 8894 |
Rent - Fixed | 2416 | 2416 |
Depreciation - Fixed | $6363 | $6363 |
What is the projected net income from the flexible budget for the period? Your answer should be to the nearest whole dollar.
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