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Required Information [The following Information applies to the questions displayed below.] The fixed budget for 21,500 units of production shows sales of $559,000; variable
Required Information [The following Information applies to the questions displayed below.] The fixed budget for 21,500 units of production shows sales of $559,000; variable costs of $64,500; and fixed costs of $142,000. 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 Cost 21,500 units 26,500 units 689,000 Sales Variable costs Contribution margin $ 689,000 $ 0 $ 0 Fixed costs Income $ 0 $ 0
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