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The master budget at Monroe Manufacturing last period called for sales of 42,200 units at $44 each. The costs were estimated to be $28 variable
The master budget at Monroe Manufacturing last period called for sales of 42,200 units at $44 each. The costs were estimated to be $28 variable per unit and $526,000 fixed. During the period, actual production and actual sales were 45,200 units. The selling price was $43 per unit. Variable costs were $30 per unit. Actual fixed costs were $517,000.
Required:
Prepare a flexible budget for Monroe Manufacturing.
Sales revenue | ? |
Variable costs | ? |
Contribution margin | ? |
Fixed costs | ? |
Operating profit | ? |
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