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Required information [The following information applies to the questions displayed below.] The fixed budget for 20,200 units of production shows sales of $464,600; variable costs
Required information [The following information applies to the questions displayed below.] The fixed budget for 20,200 units of production shows sales of $464,600; variable costs of $60,600; and fixed costs of $141,000. If the company actually produces and sells 26,500 units, calculate the flexible budget income. ......Flexible Budget------ .-.-.-.-.-Flexible Budget at Variable Amount per Unit Total Fixed 20,200 units 26,500 units Cost Sales 23 $ 464,600 $ 609,500 Variable costs 3 60,600 79,500 Contribution margin $ 20 $ 404,000 $ 530,000 Fixed costs Income 404,000 $ 530,000
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