1. Prepare a flexible income statement budget for three production levels of Crow Co.

Production: 150,000 units; 180,000 units, 200,000 units.

Price per unit: $120

Costs:

Direct Material: 10% of total revenues, Direct Labor: 15% of total revenues, Factory Overhead: 5% of total revenues. Fixed Costs = $78,000

Expenses:

Administrative Expenses: 15% of Gross Profit, Selling Expenses: 10% of Gross Profit

Crow Co. Flexible Income Statement, Dec/31/20XY

Production Level	150,000	180,000	200,000
Revenues