Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The actual information pertains to the month of August. As part of the budgeting process, Alloway's Fencing Company developed the following static budget for August.

image text in transcribed
The actual information pertains to the month of August. As part of the budgeting process, Alloway's Fencing Company developed the following static budget for August. Alloway is in the process of preparing the flexible budget and understanding the results. Actual Results Flexible budget Static Budget Sales Volume (in 8,00 units) 8,000 Sales Revenue $338,500 336.000 Direct materials $68,300 67,200 100,800 Direct labor 103,400 VMOH 42,800 Fixed Costs 58,500 Operating income 42,000 58,000 68,000 What is the flexible budget amount for revenue? d er 357.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

IRS Audit Protection And Survival Guide Trucking Industry

Authors: Daniel J. Baran, Gerald F. Bernard, James E. Brown

1st Edition

0471166413, 978-0471166412

More Books

Students also viewed these Accounting questions

Question

Why could the Robert Bosch approach make sense to the company?

Answered: 1 week ago