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The actual Information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for
The actual Information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June Great Cabinets is in the process of preparing the flexible budget and understanding the results. Actual Results Flexible Budget Static Budget Sales volume (in units) 13,000 15.000 Sales revenues $676.000 $ $780,000 Variable costs 312,000 362 250 Contribution margin 364 000 417.750 Foxed costs 277.000 270.000 Operating profit $86.400 $ $147750 est The flexible budget will report for variable costs. (Round any intermediate calculations to the nearest cent, and round your final answer to the nearest dollar) A $300,000 OB $313.050 C. $417,581 D. $362.250
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