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The results for March for Savery Parts follow: Actual (based on actual sales of 14,763 units) Master Budget (based on budgeted sales of 17,575 units)
The results for March for Savery Parts follow:
Actual (based on actual sales of 14,763 units) | Master Budget (based on budgeted sales of 17,575 units) | |
---|---|---|
Sales revenues | $ 268,365 | $ 319,865 |
Less | ||
Variable costs | ||
Direct material | 51,550 | 63,130 |
Direct labor | 44,132 | 52,330 |
Variable overhead | 34,133 | 41,230 |
Marketing | 12,234 | 13,130 |
Administration | 18,221 | 21,430 |
Total variable costs | $ 160,270 | $ 191,250 |
Contribution margin | $ 108,095 | $ 128,615 |
Less | ||
Fixed costs | ||
Manufacturing | 36,505 | 33,030 |
Marketing | 16,832 | 15,030 |
Administration | 24,551 | 27,030 |
Total fixed costs | $ 77,888 | $ 75,090 |
Operating profits | $ 30,207 | $ 53,525 |
Required:
Prepare a flexible budget for Savery Parts for March.
Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.
PPLEASE ANSWER ASAP BY 7:00 TONIGHT
PLEASE MAKE SURE ALL OF THE ANSWERS ARE CORRECT
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