WebFlexible Budget Income Statement. Month Ended March 31. Flexible. Budget. per Output. Unit. Output Units (Kits) 55,000. 60,000. 65,000. Sales revenue. Variable expenses: Cost of … WebPlanning Budget Flexible Budget Activity Variance Favorable or Unfavorable; Classes taken: 500: 600: Revenue ($14/class) $7,000: $8,400: $1,400: Favorable: Expenses: Wages and …
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WebPrepare a flexible budgeted income for 120,000 units using the following information from a… A: Flexible budget: It can be defined as a budget that can be adjusted to the required level of volume… Q: The fixed budget for 20,300 units of production shows sales of $609,000; variable costs of $60,900;… WebAt Kits.com, we promise to treat your data with respect and will not share your information with any third party. You can unsubscribe to any of the investor alerts you are subscribed …
WebJun 24, 2024 · Budget Income Statement For the Year Ended December 31, 2024 Sales: $42,000,000 Cost of goods sold: $10,500,000 Gross profit: $31,500,000 Selling and … WebIf a flexible budget is prepared at a volume of 8400 units, calculate the amount of operating income. The production level is within the relevant range. Group of answer choices $23,500 $42,200 $4000 $12,600 Expert Solution Want to see the full answer? Check out a sample Q&A here See Solution star_border Students who’ve seen this question also like:
WebThe Inclusion Checklist for Programs will help you assess your class or program in 16 categories so you can start, improve, or excel at serving kids with and without disabilities, … WebThe following information was drawn from the accounting records of Smith Company Static Budget Flexible Budget Actual Results Sales $ 10,000 $ 12,000 $ 12,700 Cost of Goods Sold (6,000 ) (7,200 ) (6,900 ) Gross Margin 4,000 4,800 5,800 Variable Cost (2,000 ) (2,400 ) (2,600 ) Fixed Cost (1,000 ) (1,000 ) (1,300 ) Net Income $ 1,000 $ 1,400 $ …
WebOct 2, 2024 · A flexible budget created each period allows for a comparison of apples to apples because it will calculate budgeted costs based on the actual sales activity. For example, Figure 7.4. 2 shows a static quarterly budget for 1, 500 trainers sold by Big Bad Bikes. The budget will change if there are more or fewer units sold.
WebTo determine the flexible budget amount, the two variable costs need to be updated. The new budget for sales commissions is $10,500 ($262,500 sales times 4%), and the new budget for delivery expense is $1,750 (17,500 units times 10%). These are added to the … get around automatic dns forwardingWebJun 24, 2024 · A flexible budget is a type of budget that accounts for variance in costs. Fixed costs on a budget are costs that never change. Varying costs are costs that can … christmas jars with lids attachableWeb1.1 Prepare a flexible budgeted statement for comprehensive incomes for 40 000 units using the above information from a static budget for 30 000 units showing clearly … christmas jazz flute sheet musicchristmas jars with lidsWebflexible budget income: ($15-$7) x 950= $7,6000-$4,000 = $3,600. Actual net income: $13,900-$6,500-$3,900= $3,500 A company's master budget called for net operating income of $7,200 and 500 units sold. Budgeted sales revenue was $20,000, budgeted variable costs were $8,000 and budgeted fixed costs were $4,800. getaround balearesWebAmanda Manufacturing Company prepared the following static budget income statement: The budgeted costs were based on a planned sales volume of 10,000 units. Actual production was 7,000 units. The amount of net income based on a flexible budget of 7,000 units would have been Multiple Choice $13,000. $15,000. $20,000. $150,000. check_circle getaround avignonWebFlexible budgets are prepared at each analysis period (usually monthly), rather than in advance, since the idea is to compare the operating income to the expenses deemed … christmas jason statham