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The Pixson Companys budgeted income statement for 2007 follows: Sales (8,000 units) $128,000 Direct materials 27,600 Direct labor 6,000 Variable overhead 16,800 Fixed Overhead 15,000
The Pixson Companys budgeted income statement for 2007 follows:
| Sales (8,000 units) | $128,000 |
| Direct materials | 27,600 |
| Direct labor | 6,000 |
| Variable overhead | 16,800 |
| Fixed Overhead | 15,000 |
| Fixed selling & administrative expenses | 30,000 |
| Net Income | $32,600 |
A flexible budget for 12,000 units would show net income of
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Managerial Accounting
Authors: James Jiambalvo
6th edition
9781119158226, 111915801X, 1119158222, 978-1119158011
