Prepare a flexible budget for Concord Manufacturing company (I'm not too sure where to start, the text book computes different variables and fixed items, like supplies, inventory etc, I frustrated where to start)

assume that the company produces a single product, sales are equal to production, and inventory levels are zero. Below are the standard costs per boot: Standard Quantity of Input allowed per unit of output Standard Price per unit of Input

Direct materials 3 pounds $3 per pound

Direct labor 1 hour $17 per hour

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Below is the budgeted information for the month of July: Units produced and sold 20,000 Average selling price per unit $42 Direct materials based on the standards per unit Direct labor based on the standards per unit Variable factory overhead per unit $5 per direct labor hour Fixed factory overhead $50,000 Variable shipping costs per unit $3 Variable selling cost per unit $1 Fixed selling costs $15,000 Fixed administrative costs $20,000

Below are the actual results for the month of July: Units produced and sold 20,120 Actual sales revenue (see table below by customer) $829,820 Direct materials (65,000 lbs used) $191,750 Direct labor (19,500 actual hours) $333,450 Variable factory overhead $103,000 Fixed factory overhead $54,000 Variable shipping costs * $61,000 Variable selling cost $19,850 Fixed selling costs $17,000 Fixed administrative costs $21,000 *include variable shipping costs in cost of goods sold when preparing the income statement Actual sales units and selling prices by customer for July: Units Selling Price Customer A 12,000 $39 per unit Customer B 5,850 $44 per unit Customer C 2,270 $46 per unit