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Section Problem (10 points). You have misfiled the company's master budget for the period which just ended. Rather than admit this to your supervisor, you

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Section Problem (10 points). You have misfiled the company's master budget for the period which just ended. Rather than admit this to your supervisor, you are going to try to reconstruct the budget. You have gathered the following information to accomplish this task. The actual results for the period were as follows. Sales Volume (Units) 180,000 963,000 Sales Revenue (Dollars) Variable Costs: 324,000 90,000 Manufacturing Selling and Administrative Fixed Costs: 239,000 84,000 Manufacturing Selling and Administrative Operating Profit 226,000 You know that the company planned to sell 162,000 units at a price of SS each. Variable marketing and administrative costs are budgeted at 12% of sales revenue. You have discovered that manufacturing fixed costs are estimated to be $1.50 per unit at the budgeted volume. Also, you know that company policy is to budget for an operating profit of St per unit. Finally, you think that the contribution margin in the master budget was $3 per unit. ,"!///hp'llllil'll!1n4li.iliiPh

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