Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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

Top Accounting And Auditing Issues For 2021 CPE Course

Authors: CCH Tax Law Editors

1st Edition

0808055348, 978-0808055341

More Books

Students also viewed these Accounting questions

Question

Managerial Decisions structuring cruise line compensation

Answered: 1 week ago