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The Bundy Shoe Emporium reports the following on December 31st 2022 A) Master Budget Sales volume 63360 units sale volume Sales Revenue $ 823,680.00 sale
The Bundy Shoe Emporium reports the following on December 31st 2022 | ||||||||
A) | Master Budget | |||||||
Sales volume | 63360 units | sale volume | ||||||
Sales Revenue | $ 823,680.00 | sale revenue | ||||||
Variable Costs | variable cost | |||||||
manufacturing | $ 190,080.00 | manufacturing | ||||||
marketing | $ 38,550.00 | marketing | ||||||
contribution margin | $595,050 | contribution margin | ||||||
Fixed Costs | ||||||||
manufacturing | $ 371,500.00 | |||||||
marketing | $ 103,450.00 | |||||||
Operating profit | $120,100.00 | |||||||
The Bundy Shoe Emporium planned on producing and selling 72000 pairs of shoes at $12.50 each | ||||||||
At that volume contribution margin would have been $648000 | ||||||||
Variable marketing is budgeted as 5% of sales revenue | ||||||||
fixed manufacturing is budgeted at $5 per pair of shoes with a volumne of 72000 pairs of shoes. | ||||||||
Managements budgets $2.50 per pair operating profit at 72000 unit sales volume | ||||||||
REQUIRED: | ||||||||
A) construct a master budget | ||||||||
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