A company's budget for 60,000 units of production showed sales of $180,000, variable costs of $60,000,...
A company's budget for 60,000 units of production showed sales of $180,000, variable costs of $60,000, and fixed costs of $56,000. What would the Flexible Budget and operating income be if the company produces and sells 70,000 units? Prepare in good format:
Homework Answers
| Flexible Budget | |
| Sales (180000*70000/60000) | $210,000 |
| Less: Variable costs (60000*70000/60000) | (70000) |
| Contribution Margin | $140,000 |
| Less: Fixed Costs | (56000) |
| Operating income | $84,000 |
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A company's budget for 60,000 units of production showed sales of $180,000, variable costs of $60,000,...
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