QS 23-2 Flexible budget LO P1

Based on predicted production of 24,700 units, a company anticipates $220,000 of fixed costs and $271,700 of variable costs. If the company actually produces 20,000 units, what are the flexible budget amounts of fixed and variable costs?

	------Flexible Budget------		------Flexible Budget at ------
	Variable Amount per Unit	Total Fixed Cost	24,700 units	20,000 units
Variable cost
Fixed costs
Total budgeted costs			$0	$0