Question
Singapore Limited had the following budgeted and actual income statements for the month of October: Budgeted Actual Output (units) 500 600 Sales revenue ($) 360,000
Singapore Limited had the following budgeted and actual income statements for the month of October:
Budgeted | Actual | |
Output (units) | 500 | 600 |
Sales revenue ($) | 360,000 | 400,000 |
Raw materials ($) | 30,000 | 28,000 |
Labour ($) | 20,000 | 14,000 |
Fixed overhead ($) | 110,000 | 115,000 |
Operating profit ($) | 200,000 | 243,000 |
Required:
Prepare the flexible budget.
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Horngrens Accounting
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood
11th Canadian Edition Volume 2
0135359783, 978-0135359785
