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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 Flexible Static Results Budget Budget Sales volume (in units) 20,000 22,000 Sales revenues $1,000,000 $ $1,100,000 Variable costs 480,000 $_ 530.200 Contribution margin 520,000 $ 569,800 Fixed costs 276,200 $_ 270.600 Operating profit $243,800 $ $299,200 for the fixed costs. The flexible budget will report $270,600 $530,200 $246,000 $303,820
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